Fujian Star-net Communication to record significant Q3 asset impairment
Fujian Star-net Communication announced on October 20, 2025, that its board and supervisory committee approved the provision for asset impairment for the first three quarters of 2025. The company will record total asset impairment provisions of 86,495,200 yuan, which will impact its net profit attributable to shareholders by -43,961,300 yuan. This includes credit impairment losses of 7,055,700 yuan and asset impairment losses of 79,439,516.14 yuan.
These provisions encompass inventory write-downs of 80,796,600 yuan and asset impairment for investment properties, fixed assets, and other non-current assets totaling 2,764,000 yuan. These measures aim to accurately reflect the company's financial condition and operating results.
The company's third-quarter report indicates a total operating income of 14,168,382,310.41 yuan and a net profit attributable to shareholders of 344,400,350.89 yuan. The reports clarify that the impairment provisions comply with accounting standards and regulations, contributing to a fair representation of the company's financial status.
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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