An update from Chongqing Iron & Steel Co., Ltd. Class H ( (HK:1053) ) is now available.
Chongqing Iron & Steel Co., Ltd. has announced a significant provision for asset impairment for the year 2024, amounting to RMB1,237,430,000. This provision, which exceeds 10% of the company’s audited net profit for the previous year, reflects a comprehensive review of the company’s assets in accordance with accounting standards. The impairment includes credit losses and write-downs of inventory and long-term assets, impacting the net profit attributable to shareholders.
More about Chongqing Iron & Steel Co., Ltd. Class H
Chongqing Iron & Steel Co., Ltd. is a company operating in the steel industry, focusing on the production and distribution of iron and steel products. The company is listed on The Stock Exchange of Hong Kong Limited.
YTD Price Performance: -3.00%
Average Trading Volume: 550
Technical Sentiment Signal: Sell
Current Market Cap: €1.49B
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