Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Golden Solar New Energy Technology Holdings Limited ( (HK:1121) ) has provided an announcement.
Golden Solar New Energy Technology Holdings Limited has issued a profit warning for the year ended December 31, 2024, reporting a 14% decrease in sales and a drop in gross profit margin. Despite challenges in the OEM footwear sector, the company is expanding its photovoltaic business with innovative technologies, aiming to establish a high-margin, asset-light model. The expected net loss for the period is reduced due to lower equity-settled share-based payments, but stakeholders are advised to exercise caution as the results are preliminary and unaudited.
More about Golden Solar New Energy Technology Holdings Limited
Golden Solar New Energy Technology Holdings Limited operates in the renewable energy sector, focusing on photovoltaic products and original equipment manufacturing (OEM) for footwear. The company has prioritized its photovoltaic business, developing advanced technologies to enhance solar cell efficiency and reduce production costs.
YTD Price Performance: -7.11%
Average Trading Volume: 594,935
Technical Sentiment Signal: Buy
Current Market Cap: HK$3.72B
For detailed information about 1121 stock, go to TipRanks’ Stock Analysis page.