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Concord New Energy Group ( (HK:0182) ) has provided an update.
Concord New Energy Group Limited has announced a significant increase in renewable energy subsidy payments for its wholly-owned subsidiaries and joint ventures. The subsidiaries received approximately RMB260 million, marking a 200% increase from the previous year, while the joint ventures received approximately RMB600 million, a 318% increase. These subsidies have improved the company’s cash flow and reduced accounts receivable, enhancing its financial stability and operational efficiency.
The most recent analyst rating on (HK:0182) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Concord New Energy Group stock, see the HK:0182 Stock Forecast page.
More about Concord New Energy Group
Concord New Energy Group Limited is a company incorporated in Bermuda with a focus on renewable energy. It operates through wholly-owned subsidiaries and joint ventures, primarily dealing with renewable energy projects.
YTD Price Performance: -17.37%
Average Trading Volume: 11,974,941
Technical Sentiment Signal: Sell
Current Market Cap: HK$3.02B
For a thorough assessment of 0182 stock, go to TipRanks’ Stock Analysis page.