HBSXNBM: Adjusting the depreciation period and residual value rate of certain fixed assets is expected to increase profits by 2.9689 million yuan

HBSXNBM announced that in order to more fairly reflect the actual value consumption process of its assets, the company plans to adjust the depreciation period of certain fixed assets of its controlling subsidiary Xinjiang Puyao New Building Materials Co., Ltd. Specifically, the depreciation period for buildings will be adjusted from 20 years to 40 years, the melting furnace from 9 years to 12 years, and some specialized equipment from 10-15 years to 18 years. The residual value rate of tin liquid in the tin trough will be adjusted from 5% to 85%. This change will take effect from October 1, 2025, using the prospective application method without retrospective adjustment. It is expected to reduce annual depreciation expenses by 20.028 million yuan and increase the total profit for 2025 by 5.007 million yuan, as well as increase the net profit attributable to the parent company and the net assets attributable to the parent company by 2.9689 million yuan