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Sino-synergy Hydrogen Energy Forecasts Wider Loss in H1; Shares Down 13%
Sino-Synergy Hydrogen: Increase in Provision for Credit Impairment, Higher R&D Costs Hurt Results
Sino-Synergy Hydrogen Energy Technology Expects 1H Loss to Widen
Market Participants Recognise Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co., Ltd.'s (HKG:9663) Revenues Pushing Shares 38% Higher
Guohong Hydrogen Energy (09663.HK) issued a profit warning: expected mid-term net loss attributable to shareholders of 0.203 billion yuan to 0.216 billion yuan.
On August 2, Gelunhui announced that Guohong Hydrogen Energy (09663.HK) expects to record a shareholder loss of approximately RMB 0.203 billion to RMB 0.216 billion for the reporting period, which ends on June 30, 2024 and includes six months of unaudited comprehensive management accounts. This is compared to a net loss of approximately RMB 0.124 billion for the same period last year. This is mainly due to (i) the company promoting a new generation of products into mass production and importation during this reporting period, but the new product is still in small-scale production, resulting in temporarily relatively low gross profit; (ii) the company continuously increasing the use of hydrogen fuel cells during this reporting period.
Express News | Sino-Synergy Hydrogen Energy Technology Jiaxing - Expected Result Due to Increase in Research and Development Expenses, Among Others
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