Shanxi Taigang Stainless Steel (SHE:000825) directors approved the write-off of aging fixed assets, according to a Thursday filing with the Shenzhen bourse.
The original value is 100.6 million yuan, while impairment provisions reached 607,400 yuan.
The book value of the fixed assets is 18.9 million yuan and could impact its annual profit by the same amount, the filing said.
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