IRICO Forecasts Substantial Growth Amidst Innovations

IRICO Group New Energy Co. Ltd. Class H (HK:0438) has released an update.

IRICO Group New Energy Co. Ltd. has issued a positive profit alert, anticipating a significant increase in operating revenue and a shift from loss to profit for the first half of 2024. The expected growth is attributed to the release of production capacity from new projects and the successful implementation of measures like technological innovation, cost reduction, and efficiency enhancement. Shareholders and potential investors are advised to exercise caution as the figures are based on unaudited accounts and may be subject to change upon review.

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