Shandong Hi-Speed New Energy Group Shifts Financial Reporting Currency to RMB

Shandong Hi-Speed New Energy Group Limited ( (HK:1250) ) has shared an announcement.

Shandong Hi-Speed New Energy Group Limited has announced a change in the presentation currency of its consolidated financial statements from Hong Kong dollars to Renminbi. This shift aligns with the company’s major business and asset transactions, which are primarily conducted in RMB within Mainland China. The change is expected to provide a clearer financial performance picture to shareholders and investors, with retrospective application to ensure consistency in financial reporting. The company assures that this currency change will not materially impact the financial statements.

More about Shandong Hi-Speed New Energy Group Limited

Shandong Hi-Speed New Energy Group Limited operates within the new energy sector, focusing on sustainable energy solutions. The company is engaged in the development and management of new energy projects, primarily targeting markets in Mainland China.

YTD Price Performance: -0.57%

Average Trading Volume: 749,440

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$3.93B

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