Summary by Futu AI
Daitang New Energy announced on 7 March 2024 that the company and its subsidiaries will prepare for asset write-downs if there are signs of depreciation, subject to board review approval. This move aims to objectively reflect the financial condition and performance of the company, ensuring that accounting information is truthful and reliable. Specifically, including a write-down preparation of RMB10,064.46 million in the corresponding payment appropriations, a commitment of RMB1,745.77 million for a partial wind turbine related fixed asset proposal of RMB1,745.77 million, for a pre-terminated project of approximately RMB1,978.60 million, for a long-term equity investment of RMB1,500.00 MILLION YUAN, AND PREPARATION FOR DEPRECIATION OF APPROXIMATELY RMB7,933.14 MILLION FOR TERMINATION OF THE CONSTRUCTION PROJECT. These depreciation preparations are expected to result in a decrease in...Show More