Summary by Moomoo AI
SDHS New Energy Group Limited announced its interim performance for the six months ending June 30, 2024. The net profit for the period was approximately HKD 399.9 million, an increase of about 13% over the same period last year, which was HKD 355.4 million. Financial expenses were approximately HKD 719.3 million, a decrease from HKD 781.2 million in the same period last year. Pre-tax profit, excluding interest, taxes, depreciation, and amortization, was approximately HKD 2,139.2 million, an increase of about 8% over the same period last year. The end-of-period asset-to-liability ratio decreased to approximately 61%, and cash and cash equivalents were approximately HKD 466.74 million, with a current ratio of 2.14. Basic and diluted earnings per share were 13.31 Hong Kong cents. The Board of Directors does not recommend the distribution of interim dividends. The company has achieved significant results in photovoltaic power generation, wind power business, and clean heating service business. Moreover, it actively explores diversified new energy application modes and scenarios.
