Time Interconnect Technology Aligns Accounting Policies with Luxshare

The latest update is out from Time Interconnect Technology Limited ( (HK:1729) ).

Time Interconnect Technology Limited has announced changes in its accounting policy and estimates, aligning with its parent company Luxshare Precision Limited. The shift to a cost model for leasehold land and buildings and a straight-line depreciation method for plant and machinery is expected to streamline internal reporting, reduce administrative costs, and enhance financial performance comparisons within Luxshare. These changes will result in retrospective adjustments to financial statements, including a decrease in total and net assets and an increase in net profit and earnings per share for the year ending December 2024.

More about Time Interconnect Technology Limited

Time Interconnect Technology Limited operates in the technology sector, focusing on the production and distribution of advanced interconnect solutions. The company is a subsidiary of Luxshare Precision Limited, which is part of Luxshare Precision Industry Co., Limited, a company listed on the Shenzhen Stock Exchange.

Average Trading Volume: 3,675,220

Technical Sentiment Signal: Buy

Current Market Cap: HK$13.43B

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