Meili High Technology: The impact of impairment provision and asset write-off on profits for the first half of 2025

Zhejiang Meili High Technology Co., Ltd. announced the provision for asset impairment and write-off of assets for the first half of 2025. Based on the principle of prudence, an assessment and analysis of various assets as of June 30 resulted in a provision for impairment of receivables, accounts receivable, and other assets totaling 8,520,037.10 yuan, including inventory write-down losses of 9,418,993.38 yuan. At the same time, some long-term uncollected accounts receivable were written off, and inventory for which impairment provisions had been made was also written off, with a total amount of 10,741,585.79 yuan for write-offs and transfers. This provision and write-off will reduce the net profit attributable to the parent company's owners by 2,379,280.70 yuan, in accordance with accounting standards and relevant policies, accurately reflecting the company's financial condition