Beijing Enterprises Urban Resources Group Issues Profit Warning Amid Asset Impairment

Beijing Enterprises Urban Resources Group Ltd. ( (HK:3718) ) has issued an announcement.

Beijing Enterprises Urban Resources Group Limited has issued a profit warning, anticipating a significant decrease in profit attributable to shareholders for the first half of 2025, primarily due to a substantial provision for impairment of assets related to its Xianju Project. The Xianju Project, which faced operational suspension due to environmental issues and market pressures, has led to a strategic decision to cease operations, resulting in an impairment provision of approximately RMB161,537,000. This decision reflects the company’s shift towards focusing on sustainable growth opportunities amid challenging market conditions.

More about Beijing Enterprises Urban Resources Group Ltd.

Beijing Enterprises Urban Resources Group Limited is a company incorporated in the Cayman Islands, primarily engaged in hazardous waste treatment services. The company, through its subsidiaries, focuses on the incineration treatment of solid hazardous waste and operates in the environmental technology sector.

Average Trading Volume: 578,169

Technical Sentiment Signal: Sell

Current Market Cap: HK$1.3B

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