Yunnan Energy New Material posts Q3 impairment, changes name

Yunnan Energy New Material Co., Ltd. has recorded a total asset impairment provision of CNY 111,617,700 for the first three quarters of 2025. This will reduce net profit attributable to shareholders by CNY 86,558,800. The provision, primarily affecting inventory and accounts receivable, aims to accurately reflect the company's financial status.

The company is also changing its name to "Yunnan Energy New Material (Group) Co., Ltd." to align with its diversified business strategy. Concurrently, the "Enjie Convertible Bonds" (stock code: 128095) will cease trading on October 28, 2025, and stop converting to shares on October 31, 2025, with mandatory redemption at CNY 101.44 per bond.

The final redemption date is October 31, 2025. Investors are advised to convert their bonds by October 30, 2025, to avoid potential losses due to redemption prices differing from market prices. The company's stock code (002812) will remain unchanged.