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Kingmed Diagnostics takes RMB272m asset impairment hit

August 22, 2025 at 12:09 PM UTCBy FilingReader AI

Guangzhou Kingmed Diagnostics Group announced a RMB272,349,303.43 provision for asset impairment for the first half of 2025, primarily due to credit losses on accounts receivable.

The provision reduced net profit by RMB109,608,128.07. The company will also abolish its Supervisory Board, transferring functions to the Board's Audit Committee under new Company Law regulations.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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