Gansu Dunhuang Seed Group (600354.SH) made a provision for inventory impairment of RMB 12.9888 million.

Gansu Dunhuang Seed Group (600354.SH) announced that, in order to objectively and fairly reflect the company's financial condition and operating results in 2024, in accordance with the "Enterprise Accounting Standards" and the company's accounting policies and other relevant regulations, based on prudence principle, the company conducted a comprehensive inventory check and impairment testing on all types of assets within the scope of the consolidated financial statements as of December 31, 2024. The company made a provision for inventory impairment for corn hybrid seeds with signs of impairment at its wholly-owned subsidiaries Wuwei City Gansu Dunhuang Seed Group Seed Co., Ltd., Zhangye City Gansu Dunhuang Seed Group Co., Ltd., and the Corn Seed Branch of Gansu Dunhuang Seed Group, totaling RMB 12.9888 million, resulting in a decrease in the company's total profit for 2024 by RMB 12.9888 million.