Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-04-18 09:04Summary of Key Points Core Viewpoint - China General Nuclear Power Corporation (CGN) has changed its accounting policy in accordance with the Ministry of Finance's new guidelines, which will not significantly impact its financial status, operating results, or cash flow [2][4]. Accounting Policy Change Overview - The change is based on the Ministry of Finance's issuance of "Interpretation No. 18 of the Accounting Standards for Enterprises," which clarifies the accounting treatment for investment properties and quality guarantees [2][4]. - The new accounting policy will be implemented starting December 6, 2024, and is expected to have no major impact on the company's financial statements during the reporting period [2][4]. Previous Accounting Policy - Prior to the change, the company followed the basic accounting standards and specific accounting guidelines issued by the Ministry of Finance [2][3]. New Accounting Policy - The company will now adhere to the requirements set forth in "Interpretation No. 18," while other aspects of the accounting policy will remain unchanged [3][4]. Main Content of the Policy Change - The new policy includes: 1. Standardization of the subsequent measurement model for investment properties held under the floating fee method [4]. 2. Clarification on the accounting treatment for quality guarantees that do not constitute a single performance obligation, which will now be recorded under "main business costs" or "other business costs" instead of "selling expenses" [4]. Impact of the Policy Change - The accounting policy change is designed to more accurately reflect the company's financial condition and operating results, complying with relevant laws and regulations without harming the interests of the company and its shareholders [4].