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