NATURE ENERGY T issued a profit warning, expecting an annual net loss of no more than approximately 40 million yuan
NATURE ENERGY T issued a profit warning, expecting a net loss of no more than 40 million yuan for the fiscal year 2024, a significant increase from the loss of 12.482 million yuan in 2023. The loss is mainly due to intensified market competition, leading to a decrease in gross profit from the sales of variable pitch control systems and energy storage business
According to the Zhitong Finance APP, NATURE ENERGY T (01597) announced that the group expects to incur a net loss of no more than approximately RMB 40 million for the fiscal year ending December 31, 2024 ("Fiscal Year 2024"), compared to a net loss of RMB 12.482 million for the fiscal year ending December 31, 2023.
It is reported that the loss for Fiscal Year 2024 is mainly due to intensified market competition leading to a decrease in the gross profit of the group's sales of variable pitch control systems and energy storage business
