CIMC Vehicles: Estimated credit impairment losses and asset impairment losses totaling approximately 148 million yuan for the year 2025.

Every K Daily AI Express, CIMC Vehicles (SZ 301039, closing price: 8.45 yuan) announced on the evening of March 24 that, in 2025, the company has made total provisions for credit impairment losses and asset impairment losses of approximately RMB 148 million, which is in line with the “Enterprise Accounting Standards” and relevant policy provisions. The basis for making these provisions for the related credit impairment losses and asset impairment losses is sound, and they fairly reflect the company’s asset condition. This makes the company’s accounting information regarding asset values more true, reliable, and reasonable. After the provisions are made, it can fairly, objectively, and truly reflect the company’s financial position and operating results for 2025. This provision for credit impairment losses and asset impairment losses reduces the company’s net profit attributable to shareholders of the listed company by approximately RMB 122 million for 2025, and correspondingly reduces owners’ equity attributable to the owners of the listed company by approximately RMB 122 million.

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(Reporter Wang Xiaobo)

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