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.
Price (HKD): $2.88, Change: $-0.020, Percent Change: -0.69%
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.