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China Wan Tong Yuan (Holdings) Ltd. ( (HK:6966) ) has provided an announcement.
China Wan Tong Yuan (Holdings) Ltd. announced a tax issue concerning its subsidiary, Langfang Wantong Cemetery Co., Ltd., which has been found not to meet the conditions for a VAT exemption on burial plots leasing services from January 2022 to December 2024. As a result, the company is required to pay an additional tax of approximately RMB11.6 million, which will be recognized as a loss in the financial results for the first half of 2025, potentially impacting the company’s profitability compared to the previous year.
More about China Wan Tong Yuan (Holdings) Ltd.
China Wan Tong Yuan (Holdings) Ltd. operates in the cemetery industry, primarily providing burial plots leasing and ancillary services through its subsidiary, Langfang Wantong Cemetery Co., Ltd.
Average Trading Volume: 151,111
Technical Sentiment Signal: Sell
Current Market Cap: HK$495M
Learn more about 6966 stock on TipRanks’ Stock Analysis page.