Comtec Solar Systems Group Ltd. Updates on Debt Settlement and Business Operations

Comtec Solar Systems Group Ltd. announced updates on its debt settlement plans to address liquidity pressures and improve financial health. The company is negotiating with creditors, including Putana Limited, and has introduced strategic investors to assist in debt repayment. Comtec operates in the solar energy industry, focusing on consulting services, power generation projects, and lithium battery sales. Current market cap is HK$120.8M.

COMTEC SOLAR shareholders will deposit shares into Bank of China (Hong Kong) with a custody value of HKD 9.3049 million

According to the latest data from the Hong Kong Stock Exchange, on October 30th, shareholders of COMTEC SOLAR deposited shares into Bank of China (Hong Kong), with a market value of HKD 9.3049 million, accounting for 6.5%. COMTEC SOLAR's interim results for the six months ending June 30, 2025, show that the group achieved revenue of HKD 148 million, an increase of 71% year-on-year; the loss attributable to equity holders of the company was HKD 22.8 million, a decrease of 9.7% year-on-year; loss per share was 2.15 cents. The announcement stated that revenue from solar energy and energy storage increased from approximately HKD 12.4 million in the same period of 2024 to approximately HKD 98.88 million, an increase of about HKD 86.4 million or 695.5%, mainly due to the successful acquisition of positive results from new EPC projects by the group's subsidiaries in large energy storage companies

The Hong Kong stock market's photovoltaic solar panel sector continues to rise, with SOLARGIGA up over 40%, COMTEC SOLAR up over 6%, and TIMES ELECTRIC, CHINA LONGYUAN, and BJ ENERGY INTL also following suit

Comtec Solar Systems Group First Half 2025 Earnings: CN¥0.022 loss per share (vs CN¥0.025 loss in 1H 2024)

Comtec Solar Systems Group reported a net loss of CN¥22.8 million for the first half of 2025, improving from a loss of CN¥25 million in the same period last year. Revenue increased by 71% to CN¥148.3 million, resulting in a loss per share of CN¥0.022, better than CN¥0.025 in 1H 2024. The company's shares have declined by 1.9% over the past week. Investors should be aware of three warning signs regarding the company's risk profile.

"Performance" COMTEC SOLAR's half-year loss narrowed to 22.8 million RMB

COMTEC SOLAR announced its interim results for the period ending June this year, with a revenue of RMB 148 million, an increase of 71% year-on-year. The loss narrowed to RMB 22.8 million, compared to a loss of RMB 25.254 million in the same period last year; the loss per share was 2.15 cents. No dividend was declared