Beijing SinoHytec Co., Ltd. Class H ( (HK:2402) ) has issued an announcement.
Beijing SinoHytec Co., Ltd. has announced a preliminary estimation for its 2024 financial results, projecting a significant increase in net losses compared to the previous year. The expected losses, ranging from RMB370 million to RMB520 million, are attributed to a decrease in operating income due to the early stage of commercialization of the fuel cell industry, reduced domestic production and sales of fuel cell vehicles, and increased credit impairment losses on receivables.
More about Beijing SinoHytec Co., Ltd. Class H
Beijing SinoHytec Co., Ltd. operates in the fuel cell industry, focusing on the development and commercialization of fuel cell technologies. The company is engaged in the production and sales of fuel cells and related products, primarily targeting the emerging market for fuel cell vehicles.
YTD Price Performance: -4.04%
Average Trading Volume: 287,071
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$5.37B
Find detailed analytics on 2402 stock on TipRanks’ Stock Analysis page.