tiprankstipranks
Jiangsu Lopal Tech Co. Ltd. Reports Asset Impairment for 2024
Company Announcements

Jiangsu Lopal Tech Co. Ltd. Reports Asset Impairment for 2024

Story Highlights
  • Jiangsu Lopal Tech Co. Ltd. expects asset impairment in 2024, impacting net profit.
  • Impairment includes goodwill, inventories, and equipment, reducing profit by up to RMB164.86 million.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Stay Ahead of the Market:

Jiangsu Lopal Tech Co. Ltd. Class H ( (HK:2465) ) just unveiled an update.

Jiangsu Lopal Tech Co. Ltd. announced a provision for impairment on assets for the year 2024, following an assessment of its financial position as of December 31, 2024. The company anticipates a reduction in net profit attributable to owners ranging from RMB140.04 million to RMB164.86 million due to impairment losses identified in goodwill, inventories, and property, plant and equipment. These adjustments reflect the company’s adherence to accounting standards and aim to present a fair view of its financial health.

More about Jiangsu Lopal Tech Co. Ltd. Class H

Jiangsu Lopal Tech Co. Ltd. is a joint stock company incorporated in China, primarily engaged in the industry of automotive chemicals and new energy technology. The company focuses on providing innovative solutions and products in these sectors, targeting both domestic and international markets.

YTD Price Performance: 1.43%

Average Trading Volume: 11,196,995

Current Market Cap: HK$6.02B

For detailed information about 2465 stock, go to TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App

Latest News Feed

More Articles