---
title: "Meili High Technology: The impact of impairment provision and asset write-off on profits for the first half of 2025"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/252497732.md"
description: "Zhejiang Meili High Technology Co., Ltd. announced the asset impairment provision and asset write-off situation for the first half of 2025. The provision for impairment of assets such as notes receivable and accounts receivable totaled RMB 8,520,037.10, and the inventory write-down loss was RMB 9,418,993.38. The write-off included long-term uncollected accounts receivable and the write-off of inventory for which impairment provisions had been made, with a total amount of RMB 10,741,585.79. This provision and write-off will reduce the net profit attributable to the owners of the parent company by RMB 2,379,280.70, in accordance with accounting standards and relevant policies"
datetime: "2025-08-11T12:20:11.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/252497732.md)
  - [en](https://longbridge.com/en/news/252497732.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/252497732.md)
---

# 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

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