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China Huarong Energy Company Limited ( (HK:1101) ) has provided an update.
China Huarong Energy Company Limited announced a delay in the publication of its 2024 Annual Results due to late audit commencement caused by foreign exchange control policies. The company is actively working to complete the audit and expects to publish the results by July 31, 2025. Despite the suspension of trading since April 2025, the company’s operations continue as usual, and efforts are underway to improve liquidity through financing. Additionally, the company is addressing compliance issues related to board composition following a director’s resignation.
More about China Huarong Energy Company Limited
China Huarong Energy Company Limited is engaged in the energy sector, focusing on energy exploration, production, and oil storage. The company operates primarily in these areas, maintaining its business operations despite trading suspensions.
YTD Price Performance: -37.50%
Average Trading Volume: 465,700
Technical Sentiment Signal: Sell
Current Market Cap: HK$235.5M
For a thorough assessment of 1101 stock, go to TipRanks’ Stock Analysis page.