Hong Kong's Fullshare Holdings HY revenue falls on lower sales of gear products
Hong Kong's Fullshare Holdings HY revenue falls on lower sales of gear products
Overview
Hong Kong conglomerate's interim revenue fell yr/yr to RMB7.86 bln
Material uncertainty over control of key subsidiary resolved during period
Outlook
Fullshare expects sufficient working capital for operations and obligations over the next 12 months
Result Drivers
NEW ENERGY SALES DROP - Co said revenue decline was mainly due to lower sales of gear products in new energy segment
IMPAIRMENT LOSSES - Higher impairment losses on financial assets and financial guarantee contracts weighed on profitability
HIGHER EXPENSES - Increased administrative and R&D expenses contributed to net loss
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| RMB 7.86 bln |
|
Analyst Coverage
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 27 three months ago
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(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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