Shanghai Fudan (01385) issued an announcement. According to the “Accounting Standards for Enterprises” and related accounting policies, it is objective,...
Zhitong Finance App News, Shanghai Fudan (01385) issued an announcement. According to the “Corporate Accounting Standards” and related accounting policies, in order to objectively and fairly reflect the company's financial situation as of December 31, 2023 and operating results from January to December 2023, based on the principle of prudence, the company carried out impairment tests on the assets of the parent company and subsidiaries as of December 31, 2023, and calculated various impairment losses of about $147 million for the full year of 2023.
The total impairment losses of various assets calculated for the whole year are about 147 million yuan, which will reduce the profit before tax in the 2023 consolidated statement by about 147 million yuan, and a corresponding reduction in owners' equity at the end of the reporting period, which will have no impact on the company's operating cash flow during the reporting period.