Great Wall Motor Adjusts Accounting Policies for Warranty Expenses

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Great Wall Motor Adjusts Accounting Policies for Warranty Expenses

Great Wall Motor Co ( (HK:2333) ) just unveiled an announcement.

Great Wall Motor Company Limited has announced changes in its accounting policies following the Ministry of Finance’s issuance of Interpretation No. 18 of the Accounting Standards for Business Enterprises. These changes, effective from January 1, 2024, involve reclassifying assurance-type warranty expenses from selling expenses to operating costs, impacting the company’s financial statements retrospectively. This adjustment is expected to affect the presentation of operating costs and selling expenses in the company’s financial reports, potentially influencing stakeholders’ perception of the company’s financial health and operational efficiency.

More about Great Wall Motor Co

Great Wall Motor Company Limited is a joint stock company incorporated in the People’s Republic of China, operating in the automotive industry. It is listed on the Hong Kong Stock Exchange with stock codes 02333 (HKD counter) and 82333 (RMB counter).

YTD Price Performance: 11.75%

Average Trading Volume: 4,146

Technical Sentiment Signal: Sell

Current Market Cap: $27.28B

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