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Shunfeng International Clean Energy ( (HK:1165) ) has shared an update.
Shunfeng International Clean Energy announced its audited annual results for 2024, revealing a challenging year marked by a significant decrease in revenue and gross profit from solar power generation. The company faced hurdles due to pending results from a nationwide inspection of renewable energy subsidies, which impacted the sale of a solar power plant project. Additionally, financial pressures were evident as bondholders sought legal enforcement, and a creditor filed a winding-up petition. Despite these challenges, the company is actively negotiating with creditors and seeking buyers for certain assets to improve its financial position and reduce debt.
More about Shunfeng International Clean Energy
Shunfeng International Clean Energy operates in the renewable energy industry, focusing primarily on solar power generation. The company is involved in the development and management of solar power plants, with a market focus on sustainable energy solutions.
Technical Sentiment Signal: Buy
Current Market Cap: $11.76M
Learn more about 1165 stock on TipRanks’ Stock Analysis page.