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Irico Newenergy (00438.HK) announced its half-year revenue is expected to increase by approximately 51% to 59%.
On July 12th, Gelunhui reported that in the first half of 2024, the competition in the photovoltaic glass industry was fierce, but the group effectively improved its competitiveness through technological innovation, product upgrades, cost reductions, and efficiency improvements. The group is expected to achieve a revenue of approximately RMB 1.95 billion to 2.05 billion for the six months ending June 30, 2024, which is an increase of approximately 51% to 59% compared to the revenue of RMB 1.288 billion in the first half of 2023. In the first half of 2024, the group's total profit is expected to be approximately RMB 10 million to 18 million.
Express News | IRICO Group New Energy Sees Total Profit for 1H 2024 RMB10 Mln to RMB18 Mln
Express News | IRICO Group New Energy Sees Operating Revenue of RMB1,950 Mln to RMB2,050 Mln for Six Months
IRICO NEWENERGY: POSITIVE PROFIT ALERT
Everbright Securities: Soliciting opinions on the Revision of Normative Conditions for the Photovoltaic Manufacturing Industry, Guiding Technological Progress and Standardized Development of the Photovoltaic Industry.
The purpose of this revision is to further guide photovoltaic enterprises to reduce investment in photovoltaic manufacturing projects that simply expand production capacity, while further enhancing the requirements for project process technology and energy consumption management;
Hong Kong stocks abnormal | PV stocks rose in early trading, Flat Glass (06865) rose more than 4%. The Ministry of Industry and Information Technology guides PV companies to reduce PV manufacturing projects that simply expand production capacity.
According to the Smart Finance app, photovoltaic stocks rose in early trading. As of press time, Flat Glass (06865) rose by 4.98%, reporting HKD 10.96; IRICO Newenergy (00438) rose by 3.45%, reporting HKD 3.30; Xinyi Solar (00968) rose by 3.18%, reporting HKD 3.57; Xinyi Glass (01799) rose by 2.05%, reporting HKD 8.45. On July 9th, the Ministry of Industry and Information Technology publicly solicited opinions on the "Normative Conditions for the Photovoltaic Manufacturing Industry (2024)" and the "Administrative Measures for the Announcement and Management of Photovoltaic Manufacturing Industry Standards (2024)" (draft for comments).
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