Shandong Molong Announces Asset Impairment Provision and Reversal for Q1–Q3 2025

Reuters10-28

<a href="https://laohu8.com/S/00568">Shandong Molong</a> Announces Asset Impairment Provision and Reversal for Q1-Q3 2025

Shandong Molong Petroleum Machinery Co. Ltd. has announced that it has conducted a comprehensive assessment of its assets as of 30 September 2025, in line with relevant accounting standards and listing rules. The company performed impairment testing on assets that showed signs of impairment and has made or reversed provisions for asset impairment based on the results. The company stated that these actions are intended to more accurately reflect its financial condition, asset values, and operating results for the first three quarters of 2025. Shareholders and potential investors are advised to exercise caution when dealing in the company's shares.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shandong Molong Petroleum Machinery Co. Ltd. published the original content used to generate this news brief on October 28, 2025, and is solely responsible for the information contained therein.

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