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China Nature Energy Technology Holdings Limited ( (HK:1597) ) just unveiled an update.
China Nature Energy Technology Holdings Limited has issued a profit warning, indicating an expected net loss of up to RMB40,000,000 for the fiscal year ending December 31, 2024, compared to a loss of RMB12,482,000 the previous year. This anticipated loss is primarily due to increased market competition, which has negatively impacted the company’s gross profit margins in its core businesses of pitch control systems and energy storage. The final annual results are yet to be confirmed and will be announced on March 28, 2025.
More about China Nature Energy Technology Holdings Limited
China Nature Energy Technology Holdings Limited operates in the renewable energy sector, focusing on the production and sales of pitch control systems and energy storage solutions. The company is positioned in a competitive market, which influences its financial performance.
YTD Price Performance: -42.94%
Average Trading Volume: 14,058
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$727.5M
Learn more about 1597 stock on TipRanks’ Stock Analysis page.