Xinte Energy Co., Ltd. Class H (HK:1799) has released an update.
Xinte Energy Co., Ltd. reported a significant downturn in its financial performance for the first half of 2024, with operating revenue falling by 33.23% and a net loss to shareholders of RMB887.02 million, a stark contrast to last year’s substantial profit. The company’s basic earnings per share also plummeted from RMB3.33 to RMB-0.62, leading to a decision against declaring an interim dividend.
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