COMEC (00317) announced that, in order to objectively reflect the company's financial position and operating results for the reporting period, it has conducted a comprehensive review of all assets at the balance sheet date in accordance with the "Accounting Standards for Business Enterprises" and its internal "Asset Impairment Provision and Write-off Management Measures."

Based on the principle of prudence, the company and its subsidiaries performed impairment tests on assets showing signs of impairment, as well as on existing contracts, to reasonably estimate potential losses. As a result, asset impairment provisions (including losses from onerous contracts) were recognized.

According to the test results, the company and its subsidiaries plan to recognize a total of RMB221 million in asset impairment provisions for the first three quarters of 2025.