Mike Audi announces that, in accordance with the “Enterprise Accounting Standards” and the company’s accounting policies, the company has conducted impairment tests on assets within the scope of consolidated financial statements as of December 31, 2025, and intends to recognize impairment provisions for assets showing signs of impairment. The estimated total impairment provision for various assets for the year 2025 is approximately 52.55 million yuan. Among them, credit impairment losses amount to 48.34 million yuan, including accounts receivable impairment of 47.99 million yuan, other receivables impairment of 0.2533 million yuan, and notes receivable impairment of 0.0956 million yuan; contract assets impairment loss is -0.0591 million yuan; inventory impairment loss is 0.5387 million yuan.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Mike Audi: Plans to recognize an asset impairment provision of 52.55 million yuan
Mike Audi announces that, in accordance with the “Enterprise Accounting Standards” and the company’s accounting policies, the company has conducted impairment tests on assets within the scope of consolidated financial statements as of December 31, 2025, and intends to recognize impairment provisions for assets showing signs of impairment. The estimated total impairment provision for various assets for the year 2025 is approximately 52.55 million yuan. Among them, credit impairment losses amount to 48.34 million yuan, including accounts receivable impairment of 47.99 million yuan, other receivables impairment of 0.2533 million yuan, and notes receivable impairment of 0.0956 million yuan; contract assets impairment loss is -0.0591 million yuan; inventory impairment loss is 0.5387 million yuan.