Xinyi Energy Holdings Adopts Renminbi for Financial Reporting

Xinyi Energy Holdings Limited (HK:3868) has released an update.

Xinyi Energy Holdings Limited has announced a shift in its financial statement presentation currency from Hong Kong dollars to Renminbi, effective from the end of 2024. This change reflects the company’s significant business operations and asset presence in Mainland China, aiming to align financial reporting with the currency in which most transactions are conducted. The move is not expected to have a material impact on the group’s financial position.

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