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GCL New Energy Holdings ( (HK:0451) ) has issued an update.
GCL New Energy Holdings Limited has issued a profit warning, indicating an expected net loss of approximately RMB250 million for the first half of 2025, compared to a net loss of RMB74 million in the same period of 2024. This significant increase in net loss is attributed to a one-off provision of indemnification related to previously disposed solar power plant projects, which includes rectification costs and tax indemnities. The announcement highlights the financial challenges faced by the company due to these provisions, impacting its operational results and potentially affecting stakeholder confidence.
More about GCL New Energy Holdings
GCL New Energy Holdings Limited is a company incorporated in Bermuda, primarily engaged in the renewable energy industry. The company focuses on the development, construction, and operation of solar power plants, aiming to provide sustainable energy solutions.
Average Trading Volume: 4,330,912
Technical Sentiment Signal: Hold
Current Market Cap: HK$691.7M
Learn more about 0451 stock on TipRanks’ Stock Analysis page.