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China Everbright Greentech Sees Up to 47% Fall in H1 Profit; Shares Decline 3%
CEB Greentech (01257.HK) is expected to have a net profit of approximately HKD 0.14-0.15 billion attributable to shareholders in the first half of the year, a YoY decrease of approximately 43%-47%.
CEB Greentech (01257.HK) announced on August 6th that the expected earnings attributable to equity shareholders of the company for the six months ended June 30, 2024 will be between approximately HKD 0.14 billion and HKD 0.15 billion, and it will record a decrease of about 43% to 47% in earnings attributable to equity shareholders of the company for the six months ended June 30, 2023. The decrease in earnings attributable to equity shareholders of the company is mainly due to changes in national policies, and restrictions on the implementation of renewable energy electricity price subsidies enjoyed by the Group for the operating period and operating hours of relevant projects. In response to these changes, the Group has proactively adjusted its development strategy.
Express News | China Everbright Greentech - Expected Result Due to Decrease in Number of Projects of Group
Express News | China Everbright Greentech Sees Profit Attributable for Six Months Between HK$140 Mln and HK$150 Mln
CEB GREENTECH: PROFIT WARNING
CEB Greentech (01257.HK) plans to hold a board of directors meeting on August 16th to approve the mid-term performance.
China CEB Greentech (01257.HK) announced that the board of directors meeting will be held on Friday, August 16, 2024, to approve (including) the mid-term performance of the company and its subsidiaries up to June 30, 2024, as well as consider the distribution of mid-term dividends (if any) and deal with other matters.
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