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Perennial Energy Holdings Ltd. ( (HK:2798) ) has shared an announcement.
Perennial Energy Holdings Limited has issued a profit warning, indicating a significant decline in net profit for the first half of 2025, with expected figures ranging between RMB6 million to RMB0.1 million, marking a decrease of up to 99.9% compared to the same period in 2024. This downturn is attributed to falling clean coal market prices, operational delays due to geological challenges, and rising compliance-related costs, impacting the company’s gross profit margins and operational efficiency.
More about Perennial Energy Holdings Ltd.
Perennial Energy Holdings Limited is a company incorporated in the Cayman Islands, primarily involved in the energy sector with a focus on coal mining operations. The company operates various coal mines, including Hongguo and Baogushan, and is listed on the Hong Kong Stock Exchange.
YTD Price Performance: -11.70%
Average Trading Volume: 982,416
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.33B
See more insights into 2798 stock on TipRanks’ Stock Analysis page.