China Everbright Greentech Ltd. (HK:1257) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
China Everbright Greentech Limited has issued a profit warning for the first half of 2024, forecasting a significant decrease of 43% to 47% in profit attributable to shareholders compared to the previous year. The decline is attributed to a reduction in the number of construction projects contributing to revenue, a strategic response to policy changes affecting renewable energy subsidies. Investors are advised to exercise caution when dealing with the company’s shares.
For further insights into HK:1257 stock, check out TipRanks’ Stock Analysis page.