DATANG RENEW (01798): Provision for impairment of assets will reduce the net profit attributable to owners of the company by approximately RMB 193 million in 2025.

DATANG RENEW (01798) announced that, in accordance with the principle of prudence, the company conducted impairment tests on its assets and those of its subsidiaries based on the "Enterprise Accounting Standards" and the company's accounting policies. According to the results of the impairment tests, the company plans to make provisions for impairment of assets with impairment indicators. The specific details of the provisions for impairment of assets are as follows: After testing the expected recoverable amount of the company's accounts receivable, it was found that some accounts receivable have a risk of non-recovery, so a provision for impairment of approximately RMB 18.4341 million will be made for accounts receivable. Due to poor performance of one of the company's equity investees leading to a risk of loss in equity investment, a provision for impairment loss of approximately RMB 0.4975 million will be made for the long-term equity investment. Some previous projects no longer meet the development conditions, and the company has stopped work on some of these projects, resulting in a provision for impairment of approximately RMB 20.4 million for the pre-project expenses. The above provisions for impairment of assets are expected to reduce the company's total profit for the year ending December 31, 2025 by approximately RMB 2.23 billion, and the net profit attributable to the owners of the parent company for the year ending December 31, 2025 by approximately RMB 1.93 billion.