Jingao Technology said at the performance briefing on August 28 that in the first half of this year, the company had accumulated depreciation of 680 million yuan, inventory depreciation of about 400 million yuan, and asset impairment of about 180 million yuan. The company will conduct impairment tests in accordance with accounting standards and industry conditions, and carry out inventory and asset impairment on the principle of prudence. Looking at the general rules of the industry in the future, Class 1 energy efficiency assets have already entered the national standard. In the future, national standard production capacity may become scarce production capacity. Economic and commercial logic will return, and a recovery in industry prices may release depreciation pressure on asset inventories. This is a predictive trend.

Jingao Technology said at the performance briefing on August 28 that in the first half of this year, the company had accumulated depreciation of 680 million yuan, inventory depreciation of about 400 million yuan, and asset impairment of about 180 million yuan. The company will conduct impairment tests in accordance with accounting standards and industry conditions, and carry out inventory and asset impairment on the principle of prudence. Looking at the general rules of the industry in the future, Class 1 energy efficiency assets have already entered the national standard. In the future, national standard production capacity may become scarce production capacity. Economic and commercial logic will return, and a recovery in industry prices may release depreciation pressure on asset inventories. This is a predictive trend.