China Datang Renewable Power flags RMB222.65 million profit hit from asset impairment provisions

Reuters

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China Datang Renewable Power flags RMB222.65 million profit hit from asset impairment provisions

Datang Renewable Power said its board approved asset-impairment provisions after conducting impairment tests under China’s Accounting Standards for Business Enterprises. The company proposed an impairment provision of RMB18.43 million for receivables and RMB203.72 million for preliminary expenses on early projects that were terminated. It also proposed an impairment loss of RMB497,500 for a long-term equity investment. The provisions are expected to reduce total profit for the year ended 31 December 2025 by RMB222.65 million and reduce net profit attributable to owners by RMB192.69 million.

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. China Datang Corporation Renewable Power Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260312-12049871), on March 12, 2026, and is solely responsible for the information contained therein.

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