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XY ELEC STORAGE (08328) announced its annual results, with a loss attributable to shareholders of 0.197 billion Hong Kong dollars, a turnaround from profit to loss compared to the same period last year.
XY ELEC STORAGE (08328) announced its annual performance for the year ending December 31, 2024, with a revenue of 12.3...
Express News | Xinyi Electric Storage Holdings FY Gross Margin 16.5%
Express News | Xinyi Electric Storage Holdings FY Capex HKD 50.8 Million
XY ELEC STORAGE: ANNUAL RESULTS ANNOUNCEMENTFOR THE YEAR ENDED 31 DECEMBER 2024
XY ELEC STORAGE (08328.HK) profit warning: expected to turn from profit to loss in 2024.
On March 7, Glonghui announced that XY ELEC STORAGE (08328.HK) expects the group to record a comprehensive loss attributable to shareholders of HKD 0.184 billion to HKD 0.209 billion for the fiscal year 2024, compared to a comprehensive profit attributable to shareholders of HKD 83.1 million for the year ending December 31, 2023. The net loss is mainly due to the following factors: (1) loss from the sale of battery production lines, and impairment provisions related to intangible assets for capitalized development costs of Lithium Battery products; and (2) due to the decline in market prices and accelerated technological development for the fiscal year 2024, regarding the valuation of (a) production facilities.
Express News | Xinyi Electric Storage Sees Consolidated Loss Attributable for FY Between HK$184.2 Mln and HK$209.2 Mln
Xinyi Electric Storage Holdings Limited (HKG:8328) May Have Run Too Fast Too Soon With Recent 26% Price Plummet
