China Everbright Greentech Ltd. (HK:1257) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
China Everbright Greentech Limited has issued a profit warning for the first half of 2024, forecasting a significant decrease of 43% to 47% in profit attributable to shareholders compared to the previous year. The decline is attributed to a reduction in the number of construction projects contributing to revenue, a strategic response to policy changes affecting renewable energy subsidies. Investors are advised to exercise caution when dealing with the company’s shares.
For further insights into HK:1257 stock, check out TipRanks’ Stock Analysis page.