Shandong Express (600350.SH) plans to prepare for impairment of Dongxing Securities's long-term equity investment of about 690 million yuan

Zhitong Finance App News, Shandong Express (600350.SH) issued an announcement. In order to more objectively and fairly reflect the company's financial situation and asset value, according to relevant regulations such as “Enterprise Accounting Standard No. 2 - Long-term Equity Investment”, “Enterprise Accounting Standard No. 8 - Asset Impairment” and company accounting policies, and in line with the above announcement by Dongxing Securities, the company plans to calculate impairment preparations for the long-term equity investment corresponding to the associated enterprise Dongxing Securities in 2025. According to preliminary estimates, the estimated impairment reserve amount is about 690 million yuan.

The above impairment items are expected to reduce the company's total profit in the 2025 consolidated statement by about 690 million yuan. The amount of impairment reserves calculated this time has not been audited, and the final accounting treatment and impact on the company's 2025 profit is subject to the 2025 annual report disclosed by the company.