Sino Gas Holdings (01759) announced that it is expected to have a net loss of no more than RMB 4 million in the mid-term...
According to the announcement of Sino Gas Holdings (01759), it is expected to have a net loss of no more than RMB 4 million in the mid-term, while the net profit for the same period in 2023 was about RMB 1 million.
The board of directors believes that the change in mid-term performance is mainly due to the impact of the replacement of some compressed natural gas vehicles with electric vehicles and the intensification of market competition, which has led to a decrease in sales of compressed natural gas for vehicles and a decrease in gross profit.