Tsaker New Energy Tech Co., Limited ( (HK:1986) ) has provided an update.
Tsaker New Energy Tech Co., Limited has issued a profit warning, projecting a net loss of up to RMB3.5 million for the year ending December 31, 2024, a significant drop from the RMB45.2 million net profit in 2023. This decline is attributed to decreased selling prices and market volatility affecting its dye and agricultural chemical intermediates segment. Despite this, the company remains optimistic about its long-term growth due to stable performance in other segments and positive signs in the battery materials market.
More about Tsaker New Energy Tech Co., Limited
Tsaker New Energy Tech Co., Limited operates in the chemical industry, focusing on dye, agricultural chemical intermediates, pigment intermediates, new materials, and battery materials. The company maintains a strong market position in its dye and agricultural chemical intermediates segment, while also achieving stable revenue in pigment intermediates and new materials, and experiencing positive trends in its battery materials segment.
YTD Price Performance: -8.24%
Average Trading Volume: 600,366
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$753.6M
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