CGN New Energy Holdings Co., Ltd. ( (HK:1811) ) has provided an update.
CGN New Energy Holdings Co., Ltd. reported a decrease in revenue and profit for the year ended December 31, 2024, with revenue down by 11% and profit attributable to equity shareholders down by 7.3% compared to the previous year. The decline in profit was mainly due to increased impairment and disposal losses related to property, plant, and equipment. However, excluding these one-off adjustments, the profit would have increased by 4.5%. The company announced a final dividend of 1.445 US cents per share, amounting to approximately US$62.0 million, reflecting 25% of the profit attributable to equity shareholders.
More about CGN New Energy Holdings Co., Ltd.
CGN New Energy Holdings Co., Ltd. operates in the renewable energy sector, focusing on the development and management of clean energy projects. The company is involved in the production of electricity through wind, solar, gas-fired, and other renewable energy sources, primarily serving markets in Asia.
YTD Price Performance: 0.42%
Average Trading Volume: 6,096,376
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$10.3B
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