DATANG POWER Announces Asset Impairment and Write-offs for Subsidiaries

Deep News10-29

DATANG POWER (00991) has issued an announcement regarding asset impairment provisions and fixed asset write-offs for certain subsidiaries. To ensure accurate reflection of the company's asset status and operational results while maintaining reliable accounting information, the company conducted asset inventories, evaluations, and necessary impairment tests in accordance with the "Enterprise Accounting Standards" and its internal financial accounting policies.

The impairment provisions and fixed asset write-offs are expected to reduce the company's consolidated total profit by approximately RMB 1.093 billion and decrease net profit attributable to parent company shareholders by about RMB 1.038 billion for 2025. (The above figures are unaudited)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment