Datang International Power Generation Co., Ltd. (00991) released details of a resolution passed at the sixth meeting of its twelfth session of the Board on 28 October 2025, covering asset impairment provisions and the retirement of fixed assets at certain affiliated enterprises. According to the announcement, the company completed a comprehensive inventory and review of affiliated enterprises’ assets in line with accounting standards and relevant financial policies. It has approved necessary impairment provisions for fixed assets, construction in progress, goodwill, and accounts receivable, while also retiring fixed assets deemed no longer usable or posing safety risks.

Key figures show impairment provisions for Dou He Thermal Power Branch’s assets, wind turbine dismantling, terminated construction projects in Heilongjiang and Yunnan, and goodwill recognized at Datang Anhui Power Generation Company Limited. In total, four categories of asset impairment are expected to reduce total profit for 2025 by approximately RMB932,401,500 and net profit attributable to the parent by RMB899,740,600. Furthermore, the retirement of fixed assets amounting to a net value of RMB160,974,000 is projected to decrease total profit by RMB160,974,000 and net profit attributable to the parent by RMB138,448,500. Overall, these items are predicted to reduce the consolidated total profit by around RMB1,093,375,500 and the net profit attributable to the parent company by roughly RMB1,038,189,100 for 2025.

The company’s Board of Directors stated that these measures comply with accounting standards and internal financial policies, providing a more accurate depiction of the current asset condition and operating results. The Audit Committee similarly concluded that the decisions are consistent with the company’s actual circumstances and reflect a fair view of its assets and financial information.