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China Huarong Energy Company Limited ( (HK:1101) ) just unveiled an update.
China Huarong Energy has issued a quarterly update detailing ongoing delays in finalising and publishing its 2024 annual results and 2024 annual report, which have been held up by late commencement of the audit and difficulties settling outstanding audit and professional fees due to strict foreign exchange controls in the PRC and Kyrgyzstan. Certain audit procedures, including external confirmations relating to debts owed to third parties, remain incomplete, and the company is coordinating alternative procedures with its auditors while attempting to secure funds from its mainland subsidiaries to pay the required fees. As a result, the 2024 annual results are now expected to be published together with the 2025 annual results, and the 2025 interim results have also been delayed because they depend on the finalisation of the 2024 figures, prolonging the company’s non-compliance with reporting obligations and the suspension of trading in its shares.
More about China Huarong Energy Company Limited
China Huarong Energy Company Limited is a Cayman Islands–incorporated company listed in Hong Kong, operating through subsidiaries in mainland China. The group is engaged in energy-related businesses and is exposed to cross‑border regulatory and funding constraints, including foreign exchange controls affecting cash flows between its onshore and offshore units.
Technical Sentiment Signal: Sell
Current Market Cap: HK$235.5M
For an in-depth examination of 1101 stock, go to TipRanks’ Overview page.