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In the "Earnings Alert," Beijing Electromechanical (00187.HK) predicts a turnaround in losses, expecting to earn up to 7.5 million RMB for the entire year.
JINGCHENG MAC (00187.HK) issued a profit warning, expecting the net profit attributable to Shareholders for the fiscal year 2024 to be between 6.3 million and 7.5 million RMB, compared to a loss of 51.6751 million RMB in fiscal year 2023, achieving a turnaround from loss to profit. This is mainly due to overall revenue growth, improvement in Operation quality and efficiency, and the positive impact of non-recurring gains such as debt restructuring on performance.
Beijing Jingcheng Machinery Electric Expects to Turn to Profit in 2024
JINGCHENG MAC (00187) expects the net profit attributable to shareholders in 2024 to be approximately 6.3 million to -7.5 million yuan, reversing from a loss to a profit year-on-year.
JINGCHENG MAC (00187) announced that it is expected to achieve net profit attributable to the listed Shareholder in the annual report for 2024...
JINGCHENG MAC: ANNOUNCEMENT IN RELATION TO A TURNAROUND FROM LOSS TO PROFIT FOR THE 2024 ANNUAL RESULTS
Shanghai is making moderate advancements in the layout of hydrogen-based energy, and policies are expected to promote a double increase in both supply and demand in the hydrogen energy market.
① The General Office of the Shanghai Municipal People's Government issued the "Work Plan for Innovative Development Led by New Energy Storage Demonstration in Shanghai (2025-2030)", focusing on green alcohol and green ammonia, with a long-term goal of forming four hydrogen-based Energy bases in the Lingang New Area, Jiading District, Chemical Zone, and Shanghai Waigaoqiao Free Trade Zone Group. ② Zhang Jin from Huabao Securities believes that with the implementation of related policies, the supply and demand in the "production, storage, transportation, and use" segments of the hydrogen energy market are expected to see a double increase.
Hong Kong stocks moving | JINGCHENG MAC (00187) rose over 8%, and the company’s A shares hit the daily limit. The Hydrogen Industry has recently received Bullish news.
JINGCHENG MAC (00187) rose over 8%, with the company's A-share hitting the daily limit. As of the time of writing, it has increased by 8.13%, reaching 3.06 HKD, with a transaction volume of 41.0109 million HKD.
