Sfsy Energy (00750) announced that the group is expected to obtain...
Wisdom Financial News APP, Sfsy Energy (00750) announced that the group is expected to achieve a comprehensive pre-tax profit of RMB 30 million to RMB 40 million for the six months ending June 30, 2024, while the comprehensive pre-tax profit for the six months ending June 30, 2023 was about RMB 79.99 million.
The board of directors believes that the decrease in the comprehensive pre-tax profit for the six months ending June 30, 2024 is mainly due to the slow recovery of the overall business environment, especially the real estate market. The extended completion time of projects has resulted in a decrease in the company's revenue. This delay has led to the slower-than-expected generation of income from these projects. Therefore, the company's profits have been affected to a certain extent. However, the company is pleased to see a significant improvement in gross margin and operating profit compared to the second half of last year, through the undertaking of more high-quality photovoltaic EPC projects and the improvement in internal management efficiency.