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The latest update is out from SICC Co.,Ltd. Class H ( (HK:2631) ).
SICC Co., Ltd. will from the 2026 financial year prepare and disclose its financial reports solely under the Chinese Accounting Standards for Business Enterprises, having previously reported under both these standards and International Financial Reporting Standards. The move reflects the substantial convergence of the two frameworks and is intended to improve disclosure efficiency, streamline financial reporting processes, and reduce associated disclosure and audit costs without materially affecting the company’s results, financial position or cash flows.
In tandem with this shift, the board confirmed that SICC will not reappoint BDO Hong Kong Limited as a separate overseas financial report auditor after completion of its work on the 2025 financial year audit related to the company’s H-share issuance and Hong Kong listing. The decision further consolidates auditing arrangements under Mainland standards and is positioned as being in the overall interests of the company and its shareholders by simplifying oversight while maintaining compliance with Hong Kong’s regulatory framework for Mainland issuers.
The most recent analyst rating on (HK:2631) stock is a Buy with a HK$79.00 price target. To see the full list of analyst forecasts on SICC Co.,Ltd. Class H stock, see the HK:2631 Stock Forecast page.
More about SICC Co.,Ltd. Class H
SICC Co., Ltd. is a joint stock company incorporated in the People’s Republic of China with limited liability and is dual-listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange. The company operates within China’s industrial and capital markets ecosystem, serving both domestic investors and international stakeholders through its A-share and H-share listings.
Average Trading Volume: 1,783,973
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$38.11B
Learn more about 2631 stock on TipRanks’ Stock Analysis page.