FilingReader Intelligence
Yongda takes RMB3.5bn impairment hit from auto price war
August 15, 2025 at 05:02 PM UTC•By FilingReader AI
China Yongda Automobiles Services Holdings has made RMB3.5 billion in non-cash impairment provisions for the six months ended June 30, 2025, primarily due to an intensifying auto market price war.
The impairment impacts consolidated profit and total equity by RMB3.5 billion. Despite this, new energy brand sales jumped 49% year-on-year and the company plans to maintain its dividend policy.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
HKEX:3669•Hong Kong Exchange
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