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CF Energy ( (TSE:CFY) ) has issued an update.
CF Energy Corp. reported a significant decline in its financial performance for Q1 2025, with a 30% drop in revenue compared to Q1 2024, primarily due to the absence of bulk sales to a power plant in Guangdong Province. The company’s net profit also decreased by 84%, attributed to increased purchase prices of pipeline gas and low margins from urban gas pipeline projects, although there was some offset from improved performance in the Integrated Smart Energy segment.
More about CF Energy
CF Energy Corp. is an energy provider operating in the People’s Republic of China, focusing on the supply of pipeline gas and integrated smart energy solutions.
Average Trading Volume: 31,826
Technical Sentiment Signal: Sell
Current Market Cap: C$13.51M
For an in-depth examination of CFY stock, go to TipRanks’ Stock Analysis page.