Breakdown | |||||
TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
---|---|---|---|---|---|
Income Statement | Total Revenue | ||||
184.00M | 238.48M | 313.14M | 650.19M | 1.47B | 1.73B | Gross Profit |
68.79M | 118.19M | 144.42M | 296.76M | 688.09M | 726.83M | EBIT |
-725.00K | 38.82M | 119.41M | 276.33M | 704.63M | 405.48M | EBITDA |
97.46M | 143.94M | 273.94M | 501.42M | 1.11B | 1.25B | Net Income Common Stockholders |
-360.36M | -449.46M | -178.63M | -872.47M | -501.62M | -2.01B |
Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
754.59M | 97.45M | 532.62M | 55.68M | 237.08M | 89.70M | Total Assets |
25.40B | 3.25B | 5.06B | 6.75B | 9.71B | 16.13B | Total Debt |
13.64B | 3.22B | 5.03B | 5.28B | 6.62B | 8.69B | Net Debt |
12.89B | 3.12B | 4.49B | 5.22B | 6.39B | 8.60B | Total Liabilities |
21.76B | 4.72B | 6.06B | 7.63B | 9.63B | 15.55B | Stockholders Equity |
2.26B | -1.54B | -1.09B | -974.32M | -1.47B | -869.10M |
Cash Flow | Free Cash Flow | ||||
36.33M | 14.40M | 176.28M | 221.40M | -97.06M | 1.33B | Operating Cash Flow |
62.11M | 43.83M | 190.08M | 286.79M | -23.60M | 1.75B | Investing Cash Flow |
23.75M | 169.24M | 1.56B | 190.16M | 2.06B | -450.96M | Financing Cash Flow |
-193.80M | -648.26M | -1.27B | -647.96M | -1.90B | -1.95B |
Shunfeng International Clean Energy Limited has announced the adjournment of a winding-up petition hearing to 7 May 2025. This development is crucial for the company as it may impact its financial stability and investor confidence. Stakeholders are advised to exercise caution when dealing with the company’s shares.
Shunfeng International Clean Energy announced its audited annual results for 2024, revealing a challenging year marked by a significant decrease in revenue and gross profit from solar power generation. The company faced hurdles due to pending results from a nationwide inspection of renewable energy subsidies, which impacted the sale of a solar power plant project. Additionally, financial pressures were evident as bondholders sought legal enforcement, and a creditor filed a winding-up petition. Despite these challenges, the company is actively negotiating with creditors and seeking buyers for certain assets to improve its financial position and reduce debt.
Shunfeng International Clean Energy Limited has announced a board meeting scheduled for March 28, 2025, to discuss and approve the audited annual results for the year ending December 31, 2024. The meeting will also consider the recommendation of a final dividend, which could have implications for the company’s financial strategy and shareholder returns.
Shunfeng International Clean Energy Limited has issued a supplemental announcement regarding a winding-up petition involving approximately HK$289.1 million related to convertible bonds issued in 2014. The petition could potentially impact the company’s share transfer capabilities, prompting the company to seek a validation order from the High Court. Despite the petition, daily operations remain unaffected as the company negotiates with lenders and the petitioner for a settlement. Shareholders and investors are advised to be cautious due to associated investment risks.
Shunfeng International Clean Energy Limited has announced that a winding-up petition has been filed against it by True Bold Global Limited over a financial obligation of approximately HK$289.1 million. The company is currently negotiating a settlement plan and seeking legal advice to protect its rights. The announcement highlights potential risks for shareholders and investors due to the implications of the petition, such as the voidance of share transfers made after the petition’s commencement date without a court validation order.