董事会谨此声明，上述减值亏损为一次性非现金开支，不会对集团现金流量造成影响。SANY INT'L (00631) announced that it expects the group's Oil & Gas equipment business for the year ending December 31, 2024...
According to the Zhitong Finance APP, SANY INT'L (00631) announced that it expects to record a goodwill impairment loss of about RMB 0.47 billion for the Oil & Gas equipment business cash generating unit (Oil & Gas equipment business) for the year ending December 31, 2024; and a loss of about RMB 0.28 billion for impairment of properties held for sale.
Due to the expected impairment losses mentioned above, the group’s net profit for the year is expected to decrease by about 25% to 45% from approximately RMB 1.839 billion in the same period in 2023 to about RMB 1.379 billion to about RMB 1.011 billion. Since the group's financial performance for the year (including the aforementioned impairment losses) must await the determination of the valuation amount by the valuation experts and the review by the company's audit committee and approval by the company's auditors, further adjustments are required.
The Board of Directors hereby declares that the aforementioned impairment losses are one-time non-cash expenses and will not affect the group's cash flow.
