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<Warning>GCL NEWENERGY Expects Annual Net Loss to Expand to ~RMB1.1B
Recommend 6 Positive 12 Negative 12 |
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GCL NEWENERGY (00451.HK) issued a profit warning expecting to record a net loss of approx. RMB1.1 billion for 2025, expanding from a net loss of RMB223 million for 2024. The Group expected to record a total provision of indemnification of approx. RMB900 million for 2025, with a further provision of RMB605 million recognized for 2H25, mainly due to an increase of approx. RMB278 million in the provision of tax indemnification compared to 1H25; the provision includes an amount of approx. RMB326 million, which represents compensation for the loss of electricity sales income to the purchaser of a disposed solar power plant located in Inner Mongolia, as stipulated by the contract terms. AASTOCKS Financial News |
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