Summary of Key Points Core Viewpoint - The company has recognized asset impairment losses totaling 63.24 million yuan for the first half of 2025, reflecting a thorough analysis of potential impairment indicators and adherence to accounting standards [1][6]. Group 1: Asset Impairment Overview - The total impairment provision for various assets in the first half of 2025 amounts to 63.24 million yuan, with significant contributions from inventory and receivables [1][6]. - The breakdown of the impairment losses includes 5.07 million yuan for inventory write-downs and 12.52 million yuan for receivables [2][4]. Group 2: Impairment Provision Methodology - The company employs both individual and collective assessment methods for credit impairment provisions based on the nature of financial assets and customer credit risk characteristics [3][4]. - For the first half of 2025, the company recognized credit impairment losses totaling 12.52 million yuan across various receivables [3][4]. Group 3: Impact on Financials - The recognition of impairment provisions will reduce the net profit attributable to ordinary shareholders of the listed company by 53.73 million yuan for the first half of 2025, consequently affecting the equity of the company [6][7].

Overview - The company, Zhejiang Meili Technology Co., Ltd., announced its asset impairment provisions and asset write-offs for the first half of 2025, totaling 8,520,037.10 yuan [1][2]. Asset Impairment and Write-off Details - The impairment provisions primarily involve receivables, including notes receivable, accounts receivable, financing receivables, other receivables, and inventory [1]. - The breakdown of the impairment provisions includes: - Bad debt loss for accounts receivable: -2,135,820.68 yuan - Bad debt loss for financing receivables: 1,386,883.47 yuan - Inventory write-down: 9,418,993.38 yuan [2][3]. Financial Impact - The total write-off and reversal amount for the first half of 2025 is 1,074,158.79 yuan, which will reduce the net profit attributable to the parent company [8]. - The company asserts that the impairment provisions and asset write-offs comply with accounting standards and reflect the financial status and asset value accurately as of June 30, 2025 [8]. Impairment Recognition Standards - The company uses expected credit losses as the basis for measuring impairment on financial assets, applying different methods based on the type of receivable [4][5]. - For long-term assets, impairment testing is conducted annually or when there are indications of impairment, ensuring that the recoverable amount is estimated [8]. Conclusion - The company's actions are in line with the principles of prudence and aim to provide a true and fair view of its financial condition and operational results as of mid-2025 [8].