CHINANEWENERGY issued a profit warning, expecting a mid-term loss attributable to shareholders of approximately 7.8 million yuan
CHINANEWENERGY issued a profit warning, expecting a loss attributable to shareholders of approximately HKD 7.8 million for the mid-2025 period, an increase from the loss of HKD 2.5 million in the first half of 2024. The increase in loss is mainly due to a revenue decline of approximately 35.6% and a gross margin decrease of about 4.2%. In addition, the share of losses from associated companies also turned from a profit of HKD 1.3 million in the first half of 2024 to a loss
According to the Zhitong Finance APP, CHINANEWENERGY (01156) announced that it expects the group to incur a loss attributable to the owners of the company of approximately RMB 7.8 million for the mid-term of 2025, while for the six months ending June 30, 2024, it expects a loss attributable to the owners of the company of approximately RMB 2.5 million.
Compared to the first half of 2024, the increase in losses is mainly due to the following factors: a revenue decline of approximately 35.6%. A gross profit margin decrease of approximately 4.2%. A loss of approximately RMB 1.3 million from the share of profits of associates (compared to a profit of approximately RMB 1 million in the first half of 2024)
