Summary by Moomoo AI
Shan Takeshin Energy Group Limited (“Shan Gao Xin Energy”) issued a positive earnings forecast on 18 March 2024, which expects equity holders to earn a profit of approximately HK$340.2 million to approximately HK$415.8 million in fiscal 2023, a significant increase from approximately HK$258.2 million in 2022. The gains came mainly from factors such as the Group's increased investment in new energy projects, reduced administrative expenses, and low-cost financing replacing high-cost financing, although some gains were offset by increased income tax expenses. The Board of Directors stresses that this is based on the preliminary assessment of the latest unaudited management accounts and reminds shareholders and potential investors to note that the annual results announcement will be released before the end of March 2024, and actual results may differ from preliminary estimates.