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The latest update is out from Angang Steel Co ( (HK:0347) ).
Angang Steel Company Limited has announced changes to its accounting policies following new regulations issued by the Ministry of Finance. These changes, effective from January 1, 2024, involve the recognition and disclosure of data resources as assets and adjustments in accounting for liabilities and warranties. The updated policies aim to align the company’s financial reporting with the latest accounting standards, potentially impacting its financial transparency and stakeholder confidence.
More about Angang Steel Co
Angang Steel Company Limited is a prominent player in the steel industry, primarily engaged in the production and sale of steel products. The company focuses on manufacturing a wide range of steel products for various industrial applications.
YTD Price Performance: 6.01%
Average Trading Volume: 150
Technical Sentiment Signal: Buy
Current Market Cap: $2.97B
For a thorough assessment of 0347 stock, go to TipRanks’ Stock Analysis page.
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