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Beijing SinoHytec Co., Ltd. Class H ( (HK:2402) ) has provided an update.
Beijing SinoHytec Co., Ltd. has issued a profit warning, indicating a projected 53% decrease in operating revenue for the first half of 2025 compared to the same period in 2024. This decline is attributed to a reduction in the fuel cell industry scale due to decreased market demand and the company’s cautious expansion strategy amid liquidity concerns, impacting product sales.
More about Beijing SinoHytec Co., Ltd. Class H
Beijing SinoHytec Co., Ltd. operates in the fuel cell industry, focusing on the development and sale of fuel cell systems and related technologies. The company is based in the People’s Republic of China and is listed on the Hong Kong Stock Exchange.
Average Trading Volume: 332,921
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$5.92B
For a thorough assessment of 2402 stock, go to TipRanks’ Stock Analysis page.