Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
An announcement from CIG Shanghai Co., Ltd. Class H ( (HK:6166) ) is now available.
CIG Shanghai Co., Ltd. has decided to streamline its financial reporting by adopting China Accounting Standards for Business Enterprises (CASBE) as the sole framework for preparing and disclosing its financial reports starting from the 2025 annual financial statements, replacing its previous dual-reporting approach that also used International Financial Reporting Standards. The board’s audit committee and directors approved the change, which leverages the substantial convergence between CASBE and IFRS and eliminates the need for separate overseas financial reporting auditors, a move the company says will improve disclosure efficiency, simplify financial preparation, and reduce disclosure and audit costs without materially affecting its performance, financial position, or cash flows, and is considered in the overall interests of all shareholders.
The most recent analyst rating on (HK:6166) stock is a Hold with a HK$101.00 price target. To see the full list of analyst forecasts on CIG Shanghai Co., Ltd. Class H stock, see the HK:6166 Stock Forecast page.
More about CIG Shanghai Co., Ltd. Class H
CIG Shanghai Co., Ltd. is a joint stock company incorporated in the People’s Republic of China and listed on both the Shanghai Stock Exchange and The Stock Exchange of Hong Kong. As a dual-listed PRC issuer, it prepares and discloses financial information in capital markets that are governed by both mainland Chinese and Hong Kong securities and accounting regulatory frameworks.
Average Trading Volume: 2,669,210
Current Market Cap: HK$37.61B
For detailed information about 6166 stock, go to TipRanks’ Stock Analysis page.