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09/09/2021 14:01

China Green (00904) sees decrease in year loss

[ET Net News Agency, 9 September 2021] China Green (Holdings) Limited (00904) said the
loss attributable to owners of the company for the year ended 30 April 2021 is expected to
decrease by no less than approximately 40% as compared to the loss attributable to owners
of the company of approximately RMB846,398,000 for the year ended 30 April 2020.
It was due to (i) the total operating expenses of the group decreased by approximately
35% from approximately RMB271,863,000 in the corresponding financial year; (ii) the
impairment loss on property, plant and equipment decreased by approximately 45% from
approximately RMB166,552,000 in the corresponding financial year; and (iii) the impairment
loss on right-of-use assets decreased by approximately 40% from approximately
RMB379,496,000 in the corresponding financial year. (RC)

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