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2399 — China Anchu Energy Storage News Story

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China's Anchu Energy Storage half-year revenue surges

China's Anchu Energy Storage half-year revenue surges


Overview

  • Anchu's half-year revenue rose sharply yr/yr to RMB 115 mln

  • Net loss attributable to equity owners widened to RMB 129 mln from RMB 85 mln

  • Higher administrative expenses contributed to increased net loss for the period


Outlook

  • Company did not provide specific financial guidance or outlook in its interim results announcement


Result Drivers

  • INDUSTRIAL OPERATIONS RESUMPTION – Revenue rose to RMB115.0 mln, mainly as limited Saudi industrial-products operations resumed, adding RMB90.5 mln of sales


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Revenue

RMB 115 mln

H1 Net Loss Attributable

RMB 128.7 mln


Reuters Recommended Reads

  • Aug 26 - Chinese battery maker Chaowei Power's H1 revenue falls, profit drops

  • Aug 25 - China's Dongfang Electric H1 revenue inches up on strength in energy equipment business

  • Aug 27 - Canada's Canadian Solar Q2 revenue beats, helped by strength in energy storage shipments


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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