FilingReader Intelligence
Xinyu Iron & Steel sets aside 1.7bn yuan impairment provisions
August 22, 2025 at 11:22 AM UTC•By FilingReader AI
Xinyu Iron & Steel announced asset impairment provisions of 1.73 billion yuan for the first half of 2025, reducing net profit by the same amount.
The provisions include inventory write-down losses of 2.99 billion yuan, partially offset by credit impairment reversals of 1.26 billion yuan.
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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