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Gansu Dunhuang Seed Group (600354.SH): Provision for inventory impairment of 12.9888 million yuan.
On March 4, Gelonghui announced that Gansu Dunhuang Seed Group (600354.SH) disclosed that in order to objectively and fairly reflect the company's financial condition and operating results for 2024, in accordance with the relevant provisions of the Enterprise Accounting Standards and the company's accounting policies, based on the principle of prudence, the company conducted a comprehensive inventory check and impairment testing of various assets within the scope of the consolidated financial statements as of December 31, 2024. It recognized inventory impairment provisions for hybrid corn seeds in stock showing signs of impairment at its controlled subsidiaries, Wuwei Dunhuang Seed Group Seed Co., Ltd., Zhangye Dunhuang Seed Group Co., Ltd., and Dunhuang Seed Group's corn seed branch, totaling provisions recognized.
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