China Everbright Greentech Ltd. (HK:1257) has released an update.
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.
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