CHINANEWENERGY (01156) Issues Profit Warning, Expects Interim Loss Attributable to Shareholders of Approximately RMB 7.8 Million
Stock News
Aug 19
CHINANEWENERGY (01156) announced that the group expects to record a loss attributable to owners of approximately RMB 7.8 million for the interim period of 2025, compared to a loss attributable to owners of approximately RMB 2.5 million for the six months ended June 30, 2024.
The increased loss compared to the first half of 2024 is primarily attributed to the following factors: revenue declined by approximately 35.6%; gross profit margin decreased by approximately 4.2%; and the share of results of associates recorded a loss of approximately RMB 1.3 million (compared to a profit of approximately RMB 1 million in the first half of 2024).
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.