tiprankstipranks
China Everbright Greentech Issues Profit Warning Amid Rising Losses
Company Announcements

China Everbright Greentech Issues Profit Warning Amid Rising Losses

Story Highlights

Invest with Confidence:

An update from China Everbright Greentech Ltd. ( (HK:1257) ) is now available.

China Everbright Greentech Ltd. has issued a profit warning, anticipating a significant increase in its losses for the year ended December 31, 2024, due to impairments on intangible assets and continued operational challenges in its waste treatment business. The reported losses are expected to rise by 66% to 69% compared to the previous year, largely driven by competitive pressures and ongoing project losses.

More about China Everbright Greentech Ltd.

China Everbright Greentech Ltd. is a company incorporated in the Cayman Islands, focusing on the hazardous and solid waste treatment industry.

YTD Price Performance: -18.37%

Average Trading Volume: 780,969

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$1.65B

Find detailed analytics on 1257 stock on TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App