Dynagreen Announces Asset Impairment for Huludao Project

Dynagreen Environmental Protection Group Co., Ltd. Class H ( (HK:1330) ) has shared an announcement.

Dynagreen Environmental Protection Group Co., Ltd. announced a provision for impairment of assets amounting to RMB129.35 million for its Huludao Industrial Waste Treatment and Disposal Center project. This decision was made due to overcapacity in the hazardous waste treatment industry and the lack of an operating license for the landfill site, resulting in low capacity utilization and no recorded profit. Despite this impairment, the company stated that it would not significantly impact its normal operations or cash flow, nor affect the development of its principal business of waste incineration.

More about Dynagreen Environmental Protection Group Co., Ltd. Class H

Dynagreen Environmental Protection Group Co., Ltd. is a company incorporated in the People’s Republic of China, focusing on environmental protection services. The company operates in the waste treatment industry, with a particular emphasis on hazardous waste treatment and disposal processes such as landfill, incineration, and physicochemical treatment.

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