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Dongjiang Environmental Company ( (HK:0895) ) has shared an update.
Dongjiang Environmental Company disclosed that the Shenzhen branch of the China Securities Regulatory Commission has imposed supervisory interview measures on the company after identifying financial accounting and corporate governance irregularities. Regulators found problems in revenue recognition for rare and precious metal recycling and landfill gas power generation, cost accounting for anode mud sales, amortization of franchise rights, capitalization of borrowing costs for heavy metal sludge workshops, and inconsistencies in goodwill-related disclosures, as well as deficiencies in internal controls and the conduct of shareholder, board and supervisory committee meetings and insider information registration. These issues were deemed to have resulted in irregular information disclosure, prompting the Shenzhen CSRC to require the company’s chairman, president, CFO and board secretary to attend supervisory interviews, signaling heightened regulatory scrutiny that could affect investor confidence and pressure the company to strengthen governance and compliance systems.
The most recent analyst rating on (HK:0895) stock is a Sell with a HK$2.00 price target. To see the full list of analyst forecasts on Dongjiang Environmental Company stock, see the HK:0895 Stock Forecast page.
More about Dongjiang Environmental Company
Dongjiang Environmental Company Limited is a PRC-incorporated environmental services enterprise listed in Hong Kong, with core operations spanning rare and precious metal recycling, landfill gas power generation and related waste treatment activities. The company operates under a regulated framework for listed firms in mainland China and Hong Kong, serving industrial and municipal clients within the broader environmental protection and resource recycling market.
YTD Price Performance: 24.32%
Average Trading Volume: 4,585,442
Technical Sentiment Signal: Sell
Current Market Cap: HK$5.08B
For detailed information about 0895 stock, go to TipRanks’ Stock Analysis page.