Core Viewpoint - The asset evaluation report for Chongqing Sifang New Material Co., Ltd. indicates a recoverable amount of 4.8216 million yuan for certain real estate assets, reflecting a decrease in value of 403,400 yuan, or a reduction rate of 7.72% as of the evaluation benchmark date of March 20, 2025 [5][27][28]. Group 1: Evaluation Purpose and Scope - The evaluation aims to provide a value reference for asset impairment testing for Chongqing Sifang New Material Co., Ltd. [10][11]. - The evaluation covers 25 apartments with a total construction area of 1,265.62 square meters, located in Banan District, Chongqing [10][11]. Group 2: Financial Details - The reported taxable amount for the real estate is 5.6953 million yuan, while the non-taxable amount is 5.2250 million yuan [5][28]. - The fair value of the real estate is assessed at 4.8216 million yuan, with a total impairment of 403,400 yuan [5][27][28]. Group 3: Evaluation Methodology - The evaluation employs the fair value less costs to sell method, which is consistent with accounting standards for asset impairment [19][20]. - The recoverable amount is determined based on the higher of the fair value less costs to sell and the present value of expected future cash flows [19][20]. Group 4: Legal and Compliance Framework - The evaluation is conducted in accordance with relevant laws and regulations, including the Asset Evaluation Law and the Company Law of the People's Republic of China [12][13]. - The evaluation report is intended solely for the use of the client and legally designated users, with restrictions on disclosure to third parties [32][33].