SMIC International: Asset impairment loss of 917 million yuan was provided in the first three quarters before 2025.
SMIC International announced that, in order to objectively reflect the financial condition as of September 30, 2025 and the operating results for the first three quarters of 2025, the company conducted impairment tests on various assets based on the principle of prudence. The company has made provisions for credit impairment losses and asset impairment losses totaling 917 million RMB in the first three quarters of 2025, including 32.123 million RMB for credit impairment losses, which is provided for bad debts of accounts receivable and other receivables, and 885.231 million RMB for asset impairment losses, which is provided for inventory write-downs. This provision will reduce the total combined profit of the company for the first three quarters of 2025 by 917 million RMB, and this data is unaudited.
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