Sino-Synergy Reports Increased Losses in 2024 H1

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co., Ltd. Class H (HK:9663) has released an update.

Sino-Synergy Hydrogen Energy Technology (Jiaxing) Co., Ltd. reported a significant downturn in its financial performance for the first half of 2024, with total revenue dropping by 37.3% to RMB133.0 million, and losses widening to approximately RMB212.3 million, compared to RMB124.3 million in the prior year period. The company also experienced a higher basic loss per share, increasing from RMB0.30 to RMB0.41, and chose not to declare an interim dividend.

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