Northeast Electric Reports Mid-Year Financials

Northeast Electric Development Co., Ltd. Class H (HK:0042) has released an update.

Northeast Electric Development Co., Ltd. has announced their unaudited financial results for the six months ended 30 June 2024, confirming no false representations and taking full responsibility for the report’s accuracy. The company reported a consolidated turnover of RMB 67.97 million and a loss attributable to equity holders of RMB 5.51 million, resulting in a loss per share of RMB 0.6 cents. It has also been stated that there will be no cash dividend distribution, bonus share issuance, or capitalization from capital reserves.

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