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Rept Battero Energy Company Ltd Class H ( (HK:0666) ) just unveiled an announcement.
REPT BATTERO Energy Co., Ltd. announced a significant reduction in its expected loss for the year ending December 31, 2024, with losses projected between RMB1,300 million to RMB1,400 million, compared to RMB1,943 million in 2023. This improvement is attributed to a 125% increase in sales volume, enhanced gross profit margins due to economies of scale, and reduced R&D expenses driven by a focus on high-value projects and lower raw material costs.
More about Rept Battero Energy Company Ltd Class H
REPT BATTERO Energy Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating in the energy sector. The company focuses on high-value projects and has been refining its management of research and development expenses.
YTD Price Performance: 0.35%
Average Trading Volume: 1,249,115
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: HK$25.41B
Learn more about 0666 stock on TipRanks’ Stock Analysis page.