The latest update is out from China Water Industry Group Limited ( (HK:1129) ).
China Water Industry Group Limited has issued a profit warning, indicating an expected increase in net loss for the fiscal year 2024 compared to 2023. The anticipated loss of up to HK$390 million is attributed to decreased revenue and gross profit from its renewable energy business, primarily due to fewer landfill sites in operation and reduced on-grid electricity generation. Despite these challenges, the company has implemented cost control measures and recognized other operating income, partially offsetting the losses. The final annual results are pending and will be disclosed in March 2025.
More about China Water Industry Group Limited
China Water Industry Group Limited operates in the renewable energy sector, focusing on projects related to landfill sites and on-grid electricity generation. The company is involved in the management and operation of water supply and sewage treatment facilities, with a market focus on sustainable energy solutions.
YTD Price Performance: -29.76%
Average Trading Volume: 256,629
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$133.3M
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