China Shipbuilding Industry Corporation (00317.HK) plans to set aside a total of 2.21 billion yuan for asset impairment provisions for the company and its subsidiaries in the first three quarters.

Zhixin Financial News App, China Shipbuilding Defense (00317.HK) announced that, in order to objectively reflect the company's financial condition and operating results during the reporting period, in accordance with the "Enterprise Accounting Standards" and the company's regulations on the "Provision and Write-off Management Measures for Asset Impairment", the company and its subsidiary companies conducted a comprehensive inspection of all assets as of the balance sheet date, and, following the prudence principle, conducted impairment tests on assets and held contracts with impairment indicators, reasonably estimating the potential losses of various assets, and making provisions for asset impairment (including losses from unprofitable contracts). According to the test results, the company and its subsidiary companies plan to make provisions for asset impairment totaling 2.21 billion yuan for the first to third quarters of 2025.