DeTai New Energy Group Reports Annual Loss

DeTai New Energy Group (HK:0559) has released an update.

DeTai New Energy Group Limited reported an annual net loss for the fiscal year ending June 30, 2024, with a slight increase in net loss from the previous year, amidst various financial setbacks. Despite a marginal rise in revenue, the company faced substantial losses due to fair value changes of financial assets and other financial challenges. The loss per share also increased marginally, reflecting ongoing financial difficulties for the group.

For further insights into HK:0559 stock, check out TipRanks’ Stock Analysis page.