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Express News | Wuxi Xuelang Environmental Technology Says Key Shareholder Plan to Unload up to 3% Stake in Three Months
Wuxi Xuelang Environmental Technology (300385.SZ): Expected annual loss of 0.35 billion yuan to 0.495 billion yuan for 2024.
On January 20, Gelonghui reported that Wuxi Xuelang Environmental Technology (300385.SZ) announced its earnings forecast for 2024. The company's net income attributable to shareholders is expected to be a loss of 0.35 billion to 0.495 billion yuan, compared to a loss of 46.7787 million yuan in the same period last year; the net income after deducting non-recurring gains and losses is expected to be a loss of 0.355 billion to 0.5 billion yuan, compared to a loss of 81.7275 million yuan in the same period last year. During the reporting period, the company's manufacturing Sector faced challenges due to the shrinking market in the waste incineration power generation industry and reduced demand in the Steel industry, causing project execution and payment collection to fall short of expectations, with some key projects lagging in execution progress and settlement milestones.
Snow Wave Environment: 2024 Annual Results Forecast
Wuxi Xuelang Environmental Technology (300385.SZ): The holding subsidiary has terminated the investment in the new solid waste resource utilization project.
On January 9, Glonghui announced that Wuxi Xuelang Environmental Technology (300385.SZ) held the fifteenth meeting of the fifth Board of Directors on January 9, 2025, and approved the proposal regarding the holding subsidiary's plan to terminate investment in the newly built solid waste resource utilization project, agreeing to the termination of the investment construction of the solid waste resource utilization project by its holding subsidiary Nanjing Excellent Eco-friendly Concept Technology Co., Ltd. As of the announcement date, the Nanjing Excellent resource utilization project has completed the preliminary work for the project safety assessment and occupational health evaluation, and the environmental assessment and energy evaluation reports have been completed. The project that Nanjing Excellent plans to invest in is the solid waste resource utilization project.
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