China Singyes Solar Reports Decreased Profits

China Singyes Solar Technologies Holdings (HK:0750) has released an update.

China Shuifa Singyes Energy Holdings Limited reports a decline in revenue from RMB 2.23 billion in the first half of 2023 to RMB 1.38 billion in the same period of 2024, alongside a notable drop in profit before income tax from RMB 80 million to RMB 36 million. The company also experienced a shift from a profit of RMB 23.84 million to a loss of RMB 16.46 million attributable to company owners for the six-month period ended June 30, 2024. This financial performance reflects challenges faced by the company during this period.

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