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Announcement Highlights | The December Electric Vehicles sales report has been released! BYD sold 0.515 million vehicles in a month, and "Weixiaoli" reached new highs together; 13.138 billion Hong Kong dollars! Alibaba fully divested from SUNART RETAIL, a
GCL NEWENERGY plans to sell its photovoltaic assets in Micron; XINYI SOLAR's annual profit may drop by more than 70%.
HI SUN TECH (00818.HK) issues a profit warning: it is expected that the operating profit for the fiscal year 2024 will see a significant decrease or even an operating loss.
Gelonghui, on December 31, announced that HI SUN TECH (00818.HK) reported a significant decrease of approximately 86% in operating profit for the eleven months ending November 30, 2024, compared to the eleven months ending November 30, 2023. The group expects the annual operating profit for 2004 to record a significant decrease or even an operating loss compared to the operating profit of approximately 74.5 million Hong Kong dollars recorded in 2023. The substantial decline in operating profit or even operating loss is mainly due to: (1) Given the recent economic conditions and the expected rise in default rates, the volume of lending has decreased, leading to a decline in interest income from the CNI Xiangmi Lake Fintech Index Sector.
Express News | Hi Sun Technology (China) Sees Significant Decrease in Operating Profit, or Even Operating Loss, for Year 2024
HI SUN TECH: PROFIT WARNING FOR THE YEAR ENDING 31 DECEMBER 2024
HI SUN TECH: SUPPLEMENTAL ANNOUNCEMENTIN RELATION TOTHE ANNUAL REPORT FOR THE YEAR ENDED31 DECEMBER 2023
Hi Sun Technology (China) Limited (HKG:818) Surges 28% Yet Its Low P/E Is No Reason For Excitement
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