Triumph New Energy Company (HK:1108) has released an update.
Triumph New Energy Company Limited has announced an anticipated significant loss for the first half of 2024, with net profit expected to fall between RMB -57.29 to -46.70 million, a drastic decrease from the previous year’s profit of RMB 128.74 million. The estimated losses are attributed to a substantial drop in the price of photovoltaic glass and a decline in the company’s gross profit margin due to market supply and demand shifts. These figures have been released prior to auditing by certified accountants.
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