Ganfeng Lithium Group Co., Ltd. (Ganfeng Lithium) disclosed that its Board of Directors, at the 14th meeting of the sixth session held on 30 March 2026, approved a total asset-impairment provision of RMB0.59 billion for the year ended 31 December 2025. The move aligns with China’s Accounting Standards for Business Enterprises (ASBE) and reflects a prudent reassessment of asset values across the consolidated group. The provision has already been incorporated in the company’s FY2025 earnings forecast released on 27 January 2026, and therefore does not alter the previously announced profit guidance.
Key components of the impairment charge are as follows:
• Credit impairment losses on receivables: RMB0.12 billion. • Inventory write-downs: RMB0.25 billion. • Intangible-asset impairment: RMB0.17 billion. • Construction-in-progress impairment: RMB0.04 billion. • Long-term equity investment impairment (Dalian Ecopower Technology): RMB10.30 million.
In aggregate, the RMB0.59 billion charge represents 36.44% of the audited net profit attributable to shareholders of the parent company for FY2025.
Separately, management wrote off unrecoverable accounts receivable of RMB26.39 million, citing factors such as abnormal debtor operations and deregistrations. As corresponding bad-debt provisions had already been made, the write-off has no effect on FY2025 profit.
The Audit Committee confirmed that both the impairment provisions and the write-off comply with ASBE and fairly present the company’s financial position. The measures are intended to enhance the accuracy of year-end asset valuations and protect shareholder interests.
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