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DeTai New Energy Group ( (HK:0559) ) just unveiled an update.
DeTai New Energy Group Limited has announced a positive profit alert, expecting a net profit between HK$30 million and HK$35 million for the year ending June 2025, compared to a net loss of HK$71 million the previous year. This turnaround is primarily due to a net gain from fair value changes in financial assets, marking a significant improvement in the company’s financial performance and potentially enhancing its market position.
More about DeTai New Energy Group
DeTai New Energy Group Limited operates in the energy sector and is incorporated in Bermuda. The company is listed on the Stock Exchange of Hong Kong and focuses on financial asset management, with a significant emphasis on fair value changes in financial assets.
Average Trading Volume: 2,387,894
Technical Sentiment Signal: Sell
Current Market Cap: HK$92.6M
Learn more about 0559 stock on TipRanks’ Stock Analysis page.