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China Datang Corp. Renewable Power Co. Ltd. Class H ( (HK:1798) ) has provided an update.
China Datang Corp. Renewable Power Co. Ltd. will book substantial asset impairment provisions after testing the recoverable value of several asset categories under prudent accounting standards. The company flagged collection risks on certain receivables, losses on a poorly performing long-term equity investment and the termination of early-stage projects that are no longer viable for development.
These impairment provisions total about RMB222.65 million and are expected to reduce total profit and net profit attributable to shareholders for 2025 by roughly RMB222.65 million and RMB192.69 million respectively. While the figures are preliminary and unaudited, the board has approved the charges, saying they fairly reflect current asset conditions and aim to provide a more accurate picture of the company’s financial position.
The most recent analyst rating on (HK:1798) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on China Datang Corp. Renewable Power Co. Ltd. Class H stock, see the HK:1798 Stock Forecast page.
More about China Datang Corp. Renewable Power Co. Ltd. Class H
China Datang Corp. Renewable Power Co. Ltd. is a Hong Kong-listed renewable energy producer focused on developing and operating clean power projects. The company invests in wind, solar and other renewable generation assets, with returns closely tied to project development quality and the performance of its portfolio companies.
Average Trading Volume: 19,210,076
Technical Sentiment Signal: Sell
Current Market Cap: HK$14.18B
Find detailed analytics on 1798 stock on TipRanks’ Stock Analysis page.