Dongfeng Automobile’s Q3 impairment provisions boost profits

Dongfeng Automobile announced a provision for asset impairment totaling RMB 2,852,961.54 in the third quarter of 2025, alongside reversals and write-offs amounting to RMB 75,689,133.65. This included bad debt provisions of RMB 2,852,961.54, with reversals of RMB 52,589,743.19, affecting both accounts receivable and other receivables. Inventory depreciation provisions saw a reversal and write-off of RMB 23,099,390.46.

These provisions and reversals contributed to an increase in the company’s total profit for the quarter by RMB 49,879,394.51. The company stated these actions are based on prudence, conforming to accounting standards and policies, to accurately reflect its asset status and operating performance without harming shareholder interests.

For the first nine months of 2025, the company reported a net profit attributable to shareholders of RMB 101,535,463.51, a notable improvement compared to the same period last year. The profit before tax for the period stood at RMB 120,131,843.56.