China Renewable Energy Investment (00987) has issued a profit warning, anticipating a net loss of approximately HK$9 million to HK$10 million for the six months ending June 30, 2026.
This compares sharply with a net profit of around HK$31 million recorded in the same period of the previous fiscal year, according to a company announcement.
The board attributes the swing from profit to loss primarily to lower wind resources and an elevated curtailment rate during the period.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.