Jiangsu Guofu Hydrogen Energy Equipment Co., Ltd. Class H ( (HK:2582) ) has issued an update.
Jiangsu Guofu Hydrogen Energy Equipment Co., Ltd. reported its annual results for the fiscal year 2024, showing a significant decline in financial performance. The company experienced a 12.2% decrease in total revenue, a 50.8% drop in gross profit, and a substantial increase in losses attributable to owners, rising from RMB73.3 million in 2023 to RMB210.3 million in 2024. No dividends were declared for the year. These results highlight the challenges faced by the company in maintaining profitability amidst rising costs and expenses, impacting its market positioning and stakeholder confidence.
More about Jiangsu Guofu Hydrogen Energy Equipment Co., Ltd. Class H
Jiangsu Guofu Hydrogen Energy Equipment Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating in the hydrogen energy sector. The company focuses on the development and production of hydrogen energy equipment, catering to the growing demand for sustainable energy solutions.
YTD Price Performance: 9.22%
Average Trading Volume: 100,450
See more insights into 2582 stock on TipRanks’ Stock Analysis page.