Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Perennial Energy Holdings Ltd. ( (HK:2798) ) has provided an update.
Perennial Energy Holdings Ltd. announced a significant decline in its financial performance for the first half of 2025, with revenue dropping by 31.9% year-on-year to approximately RMB591.5 million. The company’s gross profit also saw a steep decrease of 65.1%, and its profit and total comprehensive income plummeted by 98.9% compared to the previous year. The board has decided not to declare an interim dividend, reflecting the challenging financial period the company is experiencing.
The most recent analyst rating on (HK:2798) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Perennial Energy Holdings Ltd. stock, see the HK:2798 Stock Forecast page.
More about Perennial Energy Holdings Ltd.
Perennial Energy Holdings Ltd. is a company incorporated in the Cayman Islands, primarily operating in the energy sector. The company is listed on the Hong Kong Stock Exchange and focuses on energy production and related services.
YTD Price Performance: -15.96%
Average Trading Volume: 1,084,487
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.26B
For detailed information about 2798 stock, go to TipRanks’ Stock Analysis page.