Tianjin Capital Environmental Protection Group (HKG:1065) proposed a provision for asset impairment of 244 million yuan for 2024.
The provision includes 150 million yuan in goodwill impairment loss and 94 million yuan in credit impairment loss, according to a Friday filing with the Hong Kong bourse.
The decision follows an industry downturn and a decline in profitability in hazardous waste disposal.
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