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GCL Newenergy (0451.HK) debt ratio dropped to 22.8%, breakthrough in intelligent operation and maintenance innovation, natural gas trade becomes the second growth pole.
On the evening of August 23, GCL Newenergy (0451.HK) released its mid-term performance for 2024, and the report shows that as of June 30, 2024, GCL Newenergy's debt ratio has continued to decrease to a more stable level of about 22.8%, with significant improvements in the company's liquidity, overall debt issues, and financing pressure. As GCL Newenergy celebrates its tenth anniversary of going public, it also marks the end of its light-asset transformation strategy. In order to actively respond to industry cycle adjustments, GCL Newenergy has made significant progress in implementing its light-asset strategy transformation. In October 2023, GCL Newenergy will close its last asset in China.
gcl newenergy (00451) announces interim results with revenue of 0.496 billion yuan, a 17.44% year-on-year increase. The total installed capacity is approximately 7.3 gigawatts, and the market share ranks at the forefront.
GCL New Energy (00451) released its performance for the six months ended June 30, 2024, during which the group achieved revenue...
Express News | GCL New Energy Holdings H1 Gross Margin 14.1%
GCL NEWENERGY: ANNOUNCEMENT OF INTERIM RESULTSFOR THE SIX MONTHS ENDED 30 JUNE 2024
Two departments: The investment scale of energy-intensive equipment in key areas is expected to increase by more than 25% from 2023 to 2027.
By 2027, the investment scale of equipment in key areas of energy will increase by more than 25% compared to 2023. The key focus is on promoting the implementation of energy-saving transformation, heating transformation, and flexibility transformation of coal-fired power plants. Transmission and distribution, wind power, solar power, hydropower and other areas will achieve equipment renewal and technological transformation.
Under pressure from the photovoltaic sector, Xinyi Solar (00968) fell 4%. Institutions predict that the photovoltaic sector may have entered the final stage of a downward cycle.
As of press time, the photovoltaic sector is under pressure, with Xinyi Solar (00968) falling 4%, GCL New Energy (00451) falling 3.08%, Irico Newenergy (00438) falling 2.17%, SDHS New Energy (01250) falling 1.89%, Concord NE (00182) falling 1.69%, and Xinyi Energy (03868) falling 1.25%. Huaan Securities released research reports stating that the photovoltaic sector is expected to enter the final stage of this round of downturn cycle in 2H 2024. Currently, the marginal bearish is not increasing and the potential bullish is gradually accumulating, it is not too pessimistic about the bottom of the sector.
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