Shunfeng Energy Reports Declining Half-Year Results

Shunfeng International Clean Energy (HK:1165) has released an update.

Shunfeng International Clean Energy reported a significant drop in revenue and gross profit for the first half of 2024, with a decrease of 39.7% in solar power generation revenue and a sharp decline of 67.6% in gross profit compared to the same period in 2023. Despite these losses, the company managed to reduce its net loss by 28.9% and its adjusted EBITDA saw a 50.1% decrease.

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