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The latest update is out from China Smarter Energy Group Holdings Limited ( (HK:1004) ).
China Smarter Energy Group Holdings Limited has issued a profit warning, indicating a significant increase in losses for the fiscal years ending December 2023 and 2024. The company expects a loss of approximately HK$299 million for 2023, a 213.4% increase from the previous year, primarily due to impairment losses and increased finance costs. For 2024, the projected loss is approximately HK$536 million, a 79.3% increase, influenced by the disposal of certain photovoltaic companies. The company’s shares remain suspended from trading, and stakeholders are advised to exercise caution.
More about China Smarter Energy Group Holdings Limited
China Smarter Energy Group Holdings Limited operates in the energy sector, focusing on renewable energy solutions, particularly photovoltaic power generation. The company is involved in the development, construction, and operation of photovoltaic power plants, with a market focus on advancing sustainable energy projects.
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$140.6M
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