China Environmental Tech Expects Losses

China Environmental Technology and Bioenergy Holdings Limited (HK:1237) has released an update.

China Environmental Technology and Bioenergy Holdings Limited has issued a profit warning, indicating an expected net loss of approximately RMB2.0 million for the six months ending 30 June 2024, a downturn from the net profit of RMB2.7 million in the previous year. The Board attributes this anticipated loss primarily to a decrease in sales gross margin. Shareholders and potential investors are advised to exercise caution when dealing in the company’s shares.

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