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Dongjiang Environmental Company ( (HK:0895) ) has issued an update.
Dongjiang Environmental Company Limited announced a provision for asset impairment amounting to RMB251,991,500 for the year 2024. This decision, approved by the board of directors and supervisory committee, reflects the company’s financial strategy to address expected credit losses and asset valuation adjustments, impacting various asset categories including accounts receivable, inventories, and goodwill. The move is likely to influence the company’s financial health and its positioning within the environmental sector.
More about Dongjiang Environmental Company
Dongjiang Environmental Company Limited is a joint stock limited company incorporated in the People’s Republic of China, operating in the environmental industry. The company primarily focuses on providing environmental protection services and solutions.
Technical Sentiment Signal: Buy
Current Market Cap: $551M
For an in-depth examination of 0895 stock, go to TipRanks’ Stock Analysis page.