Shandong Gold Mining (HKG:1787, SHA:600547) booked an 86.2 million yuan ($11.92 million) asset impairment charge for 2024, according to a Thursday filing on the Hong Kong Exchange.
The provision includes 42.2 million yuan for goodwill impairment linked to Penglai Mining, 5.4 million yuan for inventory, 2.7 million yuan for fixed assets, and 35.9 million yuan for financial instruments.
The company said the impairment reflects a reassessment of asset values under Chinese accounting standards.
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