China Longyuan Power’s Profits Fall in First Half of 2024

China Longyuan Power Group (HK:0916) has released an update.

China Longyuan Power Group Corporation Limited reports a decline in financial performance for the first half of 2024, with a revenue drop of 4.9% and a net profit decrease of 21.6% compared to the same period in 2023. Earnings per share also fell by RMB0.1234. The unaudited interim results, complying with International Accounting Standards, reflect challenges in operating profit and increased finance expenses.

For further insights into HK:0916 stock, check out TipRanks’ Stock Analysis page.