Tsaker New Energy Tech Co., Limited ( (HK:1986) ) has shared an update.
Tsaker New Energy Tech Co., Limited announced its annual results for the year ended December 31, 2024, reporting a revenue increase of 4.4% to approximately RMB2,157.0 million. However, the company experienced a significant decrease in gross profit by 32.5% and reported a net loss of approximately RMB1.5 million, a stark contrast to the net profit of RMB45.2 million in 2023. The Board has proposed a final dividend of RMB0.025 per ordinary share, contingent on shareholder approval. The financial results indicate challenges in maintaining profitability despite revenue growth, impacting the company’s financial health and stakeholder returns.
More about Tsaker New Energy Tech Co., Limited
Tsaker New Energy Tech Co., Limited is a company incorporated in the Cayman Islands, operating in the energy technology sector. The company focuses on providing innovative energy solutions and is listed on the Hong Kong Stock Exchange.
YTD Price Performance: -14.12%
Average Trading Volume: 585,218
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$695.7M
See more data about 1986 stock on TipRanks’ Stock Analysis page.