Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
China Anchu Energy Storage Group Ltd ( (HK:2399) ) has provided an update.
China Anchu Energy Storage Group Limited has issued a profit warning, anticipating a significant increase in losses for the year ending December 31, 2024, with expected losses of not less than RMB351.0 million compared to RMB52.3 million the previous year. The increase in losses is attributed to decreased revenues in its industrial and apparel segments, impairment losses on investment properties, increased credit loss allowances, and higher equity share-based payment expenses. Trading of the company’s shares on the Hong Kong Stock Exchange has been suspended since April 1, 2025, and will remain so until the audited annual results are published on April 30, 2025. Stakeholders are advised to exercise caution when dealing with the company’s shares.
More about China Anchu Energy Storage Group Ltd
China Anchu Energy Storage Group Limited is a company incorporated in the Cayman Islands, focusing on energy storage solutions. It operates in the industrial products and menswear apparel segments, catering to a diverse market.
YTD Price Performance: -16.53%
Average Trading Volume: 1,589,195
Technical Sentiment Signal: Buy
Current Market Cap: HK$615.5M
Find detailed analytics on 2399 stock on TipRanks’ Stock Analysis page.