An update from China Longyuan Power Group ( (HK:0916) ) is now available.
China Longyuan Power Group Corporation Limited announced a provision for asset impairment totaling RMB1,109 million for the year 2024, which will decrease the company’s total profit by the same amount. The impairment covers accounts receivable, inventories, fixed assets, intangible assets, and construction in progress, reflecting the company’s adherence to PRC Accounting Standards and its proactive approach in managing asset values amid changing economic conditions.
More about China Longyuan Power Group
China Longyuan Power Group Corporation Limited is a company operating in the renewable energy industry, primarily focusing on wind power generation. It is one of the largest wind power producers in China, contributing significantly to the country’s renewable energy sector.
YTD Price Performance: -2.22%
Average Trading Volume: 970
Technical Sentiment Signal: Buy
Current Market Cap: $13.57B
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