Shanghai Electric Group (02727.HK) recorded a provision for impairment in the first half of the year, with a net impact on the company's pre-tax profit of 0.8 billion yuan.

Gelonghui Finance · Aug 30 09:35

Shanghai Electric Group (02727.HK) announced on August 30th that in order to objectively and fairly reflect the company's financial condition and operating condition for the first half of 2024, the company conducted impairment tests on various types of assets as of June 30, 2024, and provided impairment provisions for assets with impairment signs according to the relevant regulations of Enterprise Accounting Standards. In the first half of 2024, the company provided an amount of RMB 930.31 million for credit impairment losses, and reversed an amount of RMB 536.22 million; provided an amount of RMB 660.88 million for asset impairment provisions, and reversed an amount of RMB 253.82 million. Therefore, the provision for impairment made by the company in the first half of 2024 had a net impact on the company's current period pre-tax profit of RMB 801.15 million.

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上海电气(02727.HK)上半年计提减值准备对公司税前利润影响净额为8亿元

Shanghai Electric Group (02727.HK) recorded a provision for impairment in the first half of the year, with a net impact on the company's pre-tax profit of 0.8 billion yuan.

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