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Shanghai Dazhong Public Utilities (Group) Co., Ltd. Class H ( (HK:1635) ) has shared an announcement.
Shanghai Dazhong Public Utilities (Group) Co., Ltd. announced a provision for impairment and the write-off or scrapping of certain assets for the year 2024. This decision aims to accurately reflect the company’s financial condition and operating performance. The company has identified a need to make provisions for impairment amounting to RMB1.6133 million, write off accounts receivable totaling RMB8.2669 million, and scrap fixed assets worth RMB5.7296 million. These measures are taken in accordance with the Enterprise Accounting Standard and the company’s accounting policies, reflecting a prudent approach to financial management.
More about Shanghai Dazhong Public Utilities (Group) Co., Ltd. Class H
Shanghai Dazhong Public Utilities (Group) Co., Ltd. is a joint stock company incorporated in the People’s Republic of China. The company operates in the public utilities sector, focusing on providing essential services and infrastructure. It is listed on the Hong Kong Stock Exchange under the stock code 1635.
YTD Price Performance: 5.00%
Average Trading Volume: 186
Technical Sentiment Signal: Sell
Current Market Cap: €1.32B
For an in-depth examination of 1635 stock, go to TipRanks’ Stock Analysis page.