Kehua Data: The impairment provision mainly includes bad debt allowance for accounts receivable and inventory write-downs.

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Securities Daily Online News: On March 9th, Kehua Data responded to investor questions on the interactive platform, stating that the company disclosed the “Announcement on Provision of Asset Impairment for the First Three Quarters of 2025” on October 31, 2025. The impairment provisions mainly include provisions for accounts receivable bad debts and inventory write-downs, with inventory write-downs primarily due to impairment losses on new energy products. The company’s recognition of credit impairment losses and asset impairment losses complies with and conforms to accounting standards and relevant policies and regulations, adheres to the prudence principle, reflects the company’s actual situation, and helps further strengthen the company’s assets. It also enhances the company’s risk prevention capabilities, ensures sustainable development, and there is no behavior damaging the interests of the company and shareholders. The company will continue to strive to deliver operational returns to investors.

(Editor: Ren Shibi)

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