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The latest announcement is out from Xinte Energy Co., Ltd. Class H ( (HK:1799) ).
Xinte Energy Co., Ltd. reported a significant financial downturn for the year ended December 31, 2024, with operating revenue declining by 31.02% to RMB21,212.98 million. The company faced a total loss of RMB4,079.37 million, a stark contrast to the previous year’s profit of RMB6,104.68 million. The net loss attributable to shareholders was RMB3,904.88 million, compared to a net profit of RMB4,345.03 million in the prior year. Consequently, the company did not recommend a final dividend for 2024. This financial performance could impact the company’s market positioning and stakeholder confidence.
More about Xinte Energy Co., Ltd. Class H
Xinte Energy Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating within the energy sector. The company is listed on the Stock Exchange of Hong Kong and is involved in the production and distribution of energy products and services.
YTD Price Performance: -31.24%
Average Trading Volume: 2,828,502
Technical Sentiment Signal: Buy
Current Market Cap: HK$7.36B
See more insights into 1799 stock on TipRanks’ Stock Analysis page.