China Nature Energy Technology Holdings (HKG:1597) expects its attributable loss in 2024 to widen year on year to up to 40 million yuan from 12.5 million yuan, the company said in a Tuesday filing on the Hong Kong Stock Exchange.
The wind energy company mainly attributed the forecast to stringent competition, which led to a drop in the gross profit of the company's pitch control systems and the energy storage business, the filing said.
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