Orient (03958) announced according to the relevant provisions of China's "Enterprise Accounting Standards" and the company's accounting policies, in order to...
Zhixun Finance APP reported that Orient (03958) announced that in accordance with the relevant provisions of China's "Enterprise Accounting Standards" and the company's accounting policies, in order to more truthfully and fairly reflect the financial position as of June 30, 2024, and the operational results for the first half of 2024, the company and its subsidiary companies evaluated the expected credit losses on relevant assets. In the first half of 2024, the provision for asset impairment was a total of RMB 0.311 billion, accounting for more than 10% of the audited net income of the company's most recent fiscal year.
