Beijing Digital Telecom Reports Significant Impairment Loss

Beijing Digital Telecom Co. Ltd. Class H (HK:6188) has released an update.

Beijing Digital Telecom Co., Ltd. has announced an impairment loss of approximately RMB263.48 million on receivables for the year ending December 31, 2023. The loss includes RMB253.56 million from third-party franchisees, suppliers, and customers, along with RMB9.92 million in rental and other deposits. The company has conducted an impairment assessment compliant with IFRS 9 standards, taking into account various credit risk factors such as ageing, geography, and product type.

For further insights into HK:6188 stock, check out TipRanks’ Stock Analysis page.