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Bengang Steel Plates announces asset impairment provisions of CNY 176m

April 4, 2025 at 05:03 AM UTCBy FilingReader AI

** Bengang Steel Plates (SZSE:000761) announced that it will absorb asset impairment provisions totaling CNY 176,084,170.69 for the year 2024. The decision, driven by prudence, comes after a comprehensive review and impairment testing of assets, aiming to accurately reflect the company's financial standing, asset values, and operating results. The impairment breaks down into: CNY 51,539,885.68 in bad debt losses from accounts receivable, CNY 3,664,963.43 in other receivables, and CNY 231,296,927.96 in inventory and contract costs. These provisions will affect Bengang Steel Plates’s 2024 financial results and will reduce the company's overall profits by CNY 228,343,329.22. The company assures that this action aligns with accounting standards, offering a truthful portrayal of its asset situation without disrupting normal operations. This move will require approval from the company's shareholders.

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

Supplementary Source Documents

Announcement of Bengang Plates Co., Ltd.'s 2024 Profit Distribution PlanApril 3, 2025 at 11:31 AM UTC
Announcement of Bengang Plates Co., Ltd.'s investment plan for 2025April 3, 2025 at 11:31 AM UTC
Announcement of Bengang Plate Co., Ltd. on the completion of some fundraising projects and the use of the remaining raised funds to permanently supplement working capitalApril 3, 2025 at 11:31 AM UTC
Annual special audit report on related party funds misappropriationApril 3, 2025 at 11:31 AM UTC
2024 Annual Financial ReportApril 3, 2025 at 11:31 AM UTC
Guotai Junan Securities Co., Ltd.'s Verification Opinion on the Deposit and Use of Proceeds Raised by Bengang Plates Co., Ltd. in 2024April 3, 2025 at 11:31 AM UTC
Annual report on the use of raised fundsApril 3, 2025 at 11:31 AM UTC
2024 Annual Audit ReportApril 3, 2025 at 11:31 AM UTC
Internal Control Self-Assessment ReportApril 3, 2025 at 11:31 AM UTC
2024 Annual ReportApril 3, 2025 at 11:31 AM UTC
Guotai Junan Securities Co., Ltd.'s Verification Opinion on the Completion of Some of the Fundraising Projects of Bengang Plates Co., Ltd. and the Use of the Surplus Fundraising Funds to Supplement Working Capital PermanentlyApril 3, 2025 at 11:31 AM UTC
Lixin Certified Public Accountants' Attestation Report on the Deduction Statement of Operating Income of Bengang Plates Co., Ltd.April 3, 2025 at 11:31 AM UTC
Bengang Plates Co., Ltd. 2024 Annual Report of the Board of DirectorsApril 3, 2025 at 11:31 AM UTC
Lixin Certified Public Accountants' Special Statement on the Related-party Transactions of Benxi Steel Plates Co., Ltd. Involving the Financial CompanyApril 3, 2025 at 11:31 AM UTC
Bengang Plates Co., Ltd. 2024 Financial StatementsApril 3, 2025 at 11:31 AM UTC
2024 Annual Report SummaryApril 3, 2025 at 11:31 AM UTC
Internal Control Audit ReportApril 3, 2025 at 11:31 AM UTC
Announcement on Accounting Policy Changes of Bengang Plates Co., Ltd.April 3, 2025 at 11:31 AM UTC
Special statement on the use of raised funds in the yearApril 3, 2025 at 11:31 AM UTC
SZSE:000761Shenzhen Stock Exchange
Steel

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