San'an Optoelectronics posts Q3 impairments, extends employee stock plans

San'an Optoelectronics announced the approval of asset impairment provisions totaling CNY 56.73 million for the third quarter of 2025. This includes CNY 0.44 million in credit impairment losses and CNY 56.29 million in asset impairment losses, which will reduce Q3 2025 consolidated profit by the same amount. The provisions, based on an assessment of assets as of September 30, 2025, primarily include impairment for inventory, receivables, and other receivables.

Concurrently, San'an Optoelectronics extended its third and fourth employee stock ownership plans. The third plan, originally set to mature on November 10, 2025, has been extended to November 10, 2026. Similarly, the fourth plan, due on December 20, 2025, will now extend to December 20, 2026. Both extensions follow resolutions passed by the respective employee stock plan holders' meetings and the board of directors.

These decisions were made during the eleventh board of directors' twenty-third meeting on October 28, 2025, which also approved the company’s 2025 third-quarter report. The company will hold an online performance briefing on November 26, 2025, to discuss these results and address investor questions.