# impairment
Latest news and articles about impairment
Total: 4 articles found
Vanke’s Shadow Network: Middlemen, Billions of Receivables and a Corporate‑Governance Crisis
An investigative report links a network of ‘shadow’ firms tied to Vanke insiders with a string of quick‑turn land and project transfers into the listed group. These arrangements coincide with hundreds of billions of yuan in intercompany receivables and large impairment charges that have substantially worsened Vanke’s financial losses and raised fresh governance questions.
Once China’s TV King, Konka Stumbles into Crisis after RMB100bn Impairment ‘Bomb’
Konka, once China’s leading TV maker, warned of a record RMB125.8–155.7 billion loss in 2025 after massive impairment charges, pushing its net assets into negative territory and exposing it to delisting risk. Years of shrinking TV demand, sprawling diversification, governance lapses and heavy indebtedness have left few easy rescue options despite intervention by new majority owner China Resources.
From ‘TV King’ to Balance‑Sheet Crisis: Konka Warns of RMB125–156bn Annual Loss, Fuels Delisting Fears
Konka, a once‑dominant Chinese television maker, has warned of an RMB12.6–15.6 billion full‑year loss for 2025 driven by large fourth‑quarter impairment charges. The forecast has pushed the company toward negative net assets, raised delisting risks, and intensified governance probes following a recent state‑linked takeover.
China’s ‘Organic Wine’ Pioneer Flags Heavy Write-down, Plans to Scrap 600 Mu of Vines as Earnings Slide
Weilong Co., a prominent listed organic-wine producer in China, warned of a 2025 net loss of Rmb40.92–66.11 million and will scrap 600 mu of vineyards as part of a Rmb62.68 million impairment package. The company attributes the shortfall to weak market demand, provisions at a subsidiary, and disrupted cash access after its controller faced legal trouble and much of the controlling shareholder’s stake was frozen.