Cssc Offshore & Marine Engineering (00317) and its subsidiaries plan to make a total provision of 221 million yuan for asset impairment in the first three quarters.

CSSC Offshore & Marine Engineering (00317) announced that in order to objectively reflect the financial condition and operating results of the company during the reporting period, in accordance with the "Enterprise Accounting Standards" and the company's relevant regulations on "Asset Impairment Provision and Write-off Management Measures," the company and its subsidiaries conducted a comprehensive inspection of all assets on the balance sheet date. Based on the principle of prudence, impairment tests were conducted on assets and contracts with impairment indicators, and reasonable estimates were made for potential losses on various assets. Asset impairment provisions (including losses from unprofitable contracts) were made. According to the test results, the company and its subsidiaries plan to make a total of 2.21 billion yuan in asset impairment provisions in the first to third quarters of 2025.