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The latest announcement is out from China Anchu Energy Storage Group Ltd ( (HK:2399) ).
China Anchu Energy Storage Group Ltd announced its audited annual results for the year ending December 31, 2024, revealing a significant financial downturn. The company reported a substantial loss of RMB 361,130,000, compared to a minor loss the previous year, primarily due to increased administrative expenses and substantial provisions for expected credit losses. This financial performance may impact the company’s market position and stakeholder confidence.
More about China Anchu Energy Storage Group Ltd
China Anchu Energy Storage Group Ltd is a company incorporated in the Cayman Islands, focusing on the energy storage industry. The company is involved in providing energy storage solutions, which are crucial for enhancing energy efficiency and supporting renewable energy integration.
YTD Price Performance: -15.83%
Average Trading Volume: 1,589,195
Technical Sentiment Signal: Buy
Current Market Cap: HK$615.5M
See more data about 2399 stock on TipRanks’ Stock Analysis page.