安道麦B(200553):计提资产减值准备的公告（英文版）
AssetImpairmentAnnouncement The Company and all members of its Board of Directors confirm that all the information disclosed herein is true, accurate, and complete with no false or misleadingstatementormaterialomission.InaccordancewiththeAccountingStandardsforBusinessEnterprises,ADAMALtd.(hereinafterreferredtoasthe“Company”),isexpectedtorecordatotalofRMB548million ($77 million) for the year of 2025 in provisions for asset and credit lossimpairments.Theseprovisionsaremainlyrelatedtoone-timeimpairmentsofsomefixedassets,impairmentofinventoriesandcreditlossimpairmentofaccountsreceivablesmadeduringtheordinarycourseoftheCompany’sbusiness,asprovidedherein.OverviewandFinancialImpactofProvisionfortheAssetImpairments Duringtheyear,theCompanyisexpectedtorecordprovisionsforassetandcreditlossimpairments based on "Accounting Standards for Business Enterprises" and theCompany’sownapplicableaccountingpolicies. These provisions, charged to the total profits of the Company during the year, areexpectedamountingtoRMB548million($77million). Furtherdetailsoftheimpairmentsareasfollows: Unit:‘000RMB
In2025,theCompanyisexpectedtoprovideimpairmentsofaroundRMB247million($35 million) to fixed assets with lower operational efficiency, as part of the FightForwardplan.ThisisduetotheCompany’sstrategicdirectiontoenhanceoperationalefficiencyandfocusonhigh-performingfacilities.Theimpairmentismadebasedontheevaluationoftheassets’netbookvalueandrecoverableamount. BasisandExplanationforImpairmentofInventories Inventories are measured at the lower of cost and net realizable value. If the netrealizablevalue isbelowthe cost ofinventories, aprovision fordecline invalue ofinventoriesismade.Netrealizablevalueistheestimatedsellingpriceintheordinarycourse of business less the estimated costs of completion, the estimated costsnecessarytomakethesaleandrelevanttaxes. Inventory impairments are expected to reach approximately RMB 159 million ($22million)forthefullyear2025.ThisisattributabletothefactthatsomeofthedefectiveinventoriescouldnotbereprocessedbecausecertainfacilitiesareclosingaspartoftheFight Forward Plan inorder to improve operational efficiency. Other reasonsof theimpairmentsweremainly duetoinventorymanagement aspectsduringtheordinarycourseoftheCompany’sbusiness. BasisandExplanationforCreditImpairmentLosses The Company recognizes an impairment provision which reflects its assessmentregardingthecreditriskofaccountsandotherreceivablesonalifetimeexpectedcreditloss basis.The examination for expected credit losses is performed using a modelincluding aging analysis and historical loss experience, and is adjusted taking intoaccountobservablefactorsreflectingcurrentandexpectedfutureeconomicconditions.Ifthereisobjectiveevidenceofarecoveryinthevalueofreceivableswhichcanberelated objectively to an event occurring after the impairment was recognized, thepreviouslyrecognizedimpairmentlossisreversed. ThecreditimpairmentlossesprovidedfortheyearareexpectedtobearoundRMB116million($16million).Theexpectedcreditlossesaremainlyduetoliquidityissuesofsomelocalcustomersincertaincountries,whichareprovidedbasedontheevaluationofthecurrentandfuturefinancialpositionofthelocalcustomers. BasisandExplanationforImpairmentofIntangibleAssets TheCompanyassessesateachbalancesheetdatewhetherthereisanyindicationthattheintangibleassetswithafiniteusefullifemaybeimpaired,andifsuchindicationexists, the Company calculates the recoverable amount of the asset. When therecoverableamountofanassetislessthanitscarryingamount,animpairmentlossisexpectedtoberecognizedtoreducethecarryingamounttotherecoverableamount.Impairmentofintangibleassets,mainlyrelatedtoproductregistrations,amountingtoaroundRMB16million($2.2million)isexpectedtobeprovidedfor2025.BasisandExplanationforImpairmentofConstructioninProgress TheCompanyassessateachbalancesheetdatewhetherthereareanyindicationsthattheconstructioninprogressmaybeimpaired.Ifthereisanyindicationthatsuchassetsmay be impaired, recoverable amounts are estimated for such assets (recoverableamountisthehigherbetweentheassets’fairvaluelesscoststosellandthepresentvalueofthefuturecashflowestimatedtobederivedfromtheasset).Iftherecoverableamountisbelowtheassets’netcostrecordedinthebalancesheet,aprovisionforimpairmentismade. In2025,theCompanyisexpectedtomakeimpairmentsofaroundRMB11million($1.6million)onconstructioninprogress. ExplanationontheReasonablenessofAssetImpairments Theaforementionedprovisionsweremainlyduetoimpairmentsofsomefixedassets,inventories and credit loss impairments of accounts receivables made during theordinarycourseoftheCompany’sbusiness. Based on the current status of the assets, these impairments, some of which non-recurring,servetocorrectlypresentthebalancesheetoftheCompany,trulyandfairlyreflects the company's financial situation, asset value and operating results, whilemeetingrequirementsofaccountingstandardsandrelatedpolicies. OtherExplanations TheexpectedprovisionsforassetimpairmentistheresultofthepreliminarycalculationofthefinancialdepartmentoftheCompany,withouttheauditoftheaccountingfirm.Pleaserefertotheaudited2025AnnualReportoftheCompanyforfinalfinancialdata.Investorsarekindlyremindedtopayattentiontoinvestmentrisks. ApprovalProcessfortheProvisionofAssetImpairments AccordingtotheCompany’sinternalapprovalprocedures,theabove-mentionedmajorimpairment of fixed assets and inventories, as part of the Fight Forward Plan, wasapproved by the Company’s global senior management, with the calculation of therecoverable amount of the assets performed by the finance team of the relatedsubsidiariesandreviewdonebytheglobalfinanceteam. Other impairments, were identified, calculated and approved locally by respectivesubsidiariesandreviewedbytherelevantglobalteams. It’sherebyannounced. BoardofDirectors ADAMALTD. January30,2026 中财网
 |