Shandong Hi-Speed New Energy Group Limited (HK:1250) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts and uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Shandong Hi-Speed New Energy Group Limited reported a 13% increase in profit for the first half of 2024, reaching HK$399.9 million, up from the previous year’s HK$355.4 million. Despite a decrease in finance costs due to strategic refinancing, the company’s earnings per share dropped from HK16.00 to HK13.31 cents. The firm did not declare an interim dividend for the period, maintaining a strong financial position with a reduced debt ratio and ample cash reserves for future development.
For further insights into HK:1250 stock, check out TipRanks’ Stock Analysis page.