Central China Securities Announces Major Asset Impairment

Central China Securities Co., Ltd. Class H (HK:1375) has released an update.

Central China Securities Co., Ltd. has announced a total impairment provision of RMB29.1292 million for the first half of 2024, after conducting a thorough review of its financial assets, inventories, and long-term assets. This significant financial adjustment is aimed at reflecting an accurate and objective financial position and operating results. The adjustment includes provisions for credit impairment and other assets, which will result in a decrease in the total profit for the period.

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