SPT Energy (01251.HK) announced on July 31st that the group is expected to record a net loss of approximately RMB 60 million to RMB 70 million during the six months ended June 30, 2024, compared with the net profit of approximately RMB 6.8 million for the six months ended June 30, 2023.
The board of directors believes that the above situation is mainly due to the following reasons: 1. The group's workload in the Kazakhstan market decreased in the first half of 2024 due to extreme weather conditions; and 2. The group made impairment provisions for certain assets during this period.