Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Luzhou Xinglu Water (Group) Co., Ltd. Class H ( (HK:2281) ) has shared an update.
Luzhou Xinglu Water (Group) Co., Ltd. has announced a change in its accounting estimates, specifically extending the depreciation period of its water supply pipeline network facilities from 20 years to 25 years. This adjustment, effective from August 1, 2025, aims to more accurately reflect the actual usage and lifespan of the assets, aligning with industry practices. The change is expected to reduce depreciation expenses by approximately RMB8.9 million in 2025, thereby increasing net assets and net profit attributable to shareholders by about RMB7.04 million. The supervisory and audit committees have approved the changes, ensuring compliance with relevant laws and regulations, and the company’s auditor will review the financial statements for 2025.
More about Luzhou Xinglu Water (Group) Co., Ltd. Class H
Luzhou Xinglu Water (Group) Co., Ltd. is a company incorporated in the People’s Republic of China, operating in the water supply industry. The company focuses on providing water supply facilities and related services.
Average Trading Volume: 574,500
Technical Sentiment Signal: Buy
Current Market Cap: HK$662M
For a thorough assessment of 2281 stock, go to TipRanks’ Stock Analysis page.