Dekon Food and Agriculture Group to Shift to PRC Accounting Standards and Change Auditor

The latest update is out from Dekon Food And Agriculture Group Class H ( (HK:2419) ).

Dekon Food and Agriculture Group plans to adopt China Accounting Standards for Business Enterprises for its financial reporting from the year ending 31 December 2025, aligning its accounts with the standards commonly used by comparable Mainland-listed peers and reflecting the fact that its operations are primarily based in Mainland China. The board believes this move will enhance efficiency and better serve shareholders, and has proposed the change for approval at its first extraordinary general meeting in 2026; ahead of the switch, the company will continue to report under IFRS and has flagged preliminary 2025 profits in the range of RMB1.3 billion to RMB1.5 billion before biological asset fair value adjustments and RMB400 million to RMB600 million after such adjustments, while also signaling a necessary change of auditor because of the shift in accounting framework.

The most recent analyst rating on (HK:2419) stock is a Buy with a HK$73.00 price target. To see the full list of analyst forecasts on Dekon Food And Agriculture Group Class H stock, see the HK:2419 Stock Forecast page.

More about Dekon Food And Agriculture Group Class H

Dekon Food and Agriculture Group is a Mainland China-incorporated company engaged in the food and agriculture sector, operating primarily within the People’s Republic of China. Listed in Hong Kong, it focuses its business activities largely in the Mainland market, aligning its financial reporting and governance practices with regulatory frameworks applicable to PRC-based enterprises.

Average Trading Volume: 676,138

Technical Sentiment Signal: Buy

Current Market Cap: HK$11.08B

For a thorough assessment of 2419 stock, go to TipRanks’ Stock Analysis page.