Sinexcel Electric(300693) 证券之星·2025-04-02 11:22Overview - The company announced the provision for asset impairment and asset write-off for the fiscal year 2024, totaling 34,068,377.91 RMB [1][2][7] Asset Impairment Provision - The company conducted a comprehensive review of various assets, including inventory, receivables, contract assets, fixed assets, construction in progress, and intangible assets, identifying impairment indicators [1] - The breakdown of the impairment provision includes: - Bad debt loss for accounts receivable: 7,190,023.85 RMB - Bad debt loss for notes receivable: 223,766.95 RMB - Bad debt loss for receivables financing: 30,139.01 RMB - Inventory write-down loss: 21,736,001.53 RMB - Impairment loss for contract assets: 5,021,892.14 RMB - Total impairment provision: 34,068,377.91 RMB [2] Asset Write-off - The company wrote off receivables and inventory that had been fully provisioned for bad debts and were deemed uncollectible, resulting in a reduction of total profit by 564,724.81 RMB [2][7] - The write-off includes: - Accounts receivable - Other receivables - Inventory and fixed assets confirmed as losses [2][7] Impairment Confirmation Standards and Methods - The company uses expected credit loss as the basis for impairment accounting for financial assets, including those measured at amortized cost and fair value [3][4] - Financial instruments are categorized into three stages based on credit risk, with different measurement approaches for expected credit losses [3][4][5] Impact on Financials - The total impact of the impairment provision on the company's profit for the fiscal year 2024 is 34,068,377.91 RMB, while the write-off of fixed assets reduces profit by 564,724.81 RMB [7] - The impairment provision and asset write-off accurately reflect the company's financial status and comply with relevant accounting standards and regulations [7]