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The latest update is out from Triumph New Energy Company ( (HK:1108) ).
Triumph New Energy Company Limited has announced an estimated net loss for the year 2024, ranging from RMB489 million to RMB673 million, which marks a significant decrease in profitability compared to the previous year. The company’s financial downturn is attributed to a major decline in the selling prices of photovoltaic glass, leading to reduced gross profits and inventory impairments, impacting its market position and financial health.
More about Triumph New Energy Company
Triumph New Energy Company Limited, previously known as Luoyang Glass Company Limited, operates within the photovoltaic industry, focusing on the production of photovoltaic glass.
YTD Price Performance: -5.96%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €582.9M
See more data about 1108 stock on TipRanks’ Stock Analysis page.
