Core Viewpoint - The company, Nantong Acetic Acid Chemical Co., Ltd. (醋化股份), has released its 2025 semi-annual report, highlighting significant financial data and the decision to not distribute profits or increase capital reserves during this period [1][5]. Group 1: Company Overview - The company is identified as Nantong Acetic Acid Chemical Co., Ltd. with the stock code 603968 [2]. - The report emphasizes the importance of reviewing the full semi-annual report for a comprehensive understanding of the company's performance and future plans [1]. Group 2: Financial Data - The company reported a total asset impairment loss of 25.99 million yuan for the first half of 2025, which includes credit impairment and inventory write-downs [13][14]. - The credit impairment provision amounted to 1.82 million yuan, while the inventory write-down provision was 24.17 million yuan, collectively reducing the total profit by 4.14 million yuan, representing 29.72% of the profit before impairment [15]. Group 3: Board Meeting - The 22nd meeting of the 8th Board of Directors was held on August 27, 2025, with all 9 directors participating, and the meeting was deemed legally valid [4][7]. - The board approved the semi-annual report and the asset impairment provision during this meeting [5][9].