China New Energy (DE:9H5) has released an update.
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China New Energy Limited has issued a profit warning, announcing an expected loss of RMB2.8 million for the first half of 2024, a significant improvement compared to the RMB16.2 million loss in the same period of 2023. This positive change is attributed to a substantial increase in gross profit and a decrease in administrative expenses. Shareholders and potential investors are cautioned to consider this preliminary data carefully as the company finalizes its financial results.
For further insights into DE:9H5 stock, check out TipRanks’ Stock Analysis page.
