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Concord New Energy Group ( (HK:0182) ) has issued an update.
Concord New Energy Group Limited announced its unaudited interim results for the first half of 2025, revealing a decline in revenue and profit compared to the same period in 2024. The company’s revenue decreased from RMB 1,498,857,000 in 2024 to RMB 1,400,319,000 in 2025, while profit for the period dropped from RMB 547,458,000 to RMB 292,039,000. The decline in profit was attributed to increased cost of sales and services, as well as higher finance costs. Despite the decrease in financial performance, the company continues to focus on its core business in renewable energy, maintaining its position in the industry.
More about Concord New Energy Group
Concord New Energy Group Limited is a company incorporated in Bermuda, operating in the renewable energy sector. It focuses on the development, investment, and operation of wind and solar power projects, aiming to contribute to sustainable energy solutions.
Average Trading Volume: 9,313,991
Technical Sentiment Signal: Sell
Current Market Cap: HK$3.22B
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