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8328 — Xinyi Electric Storage Holdings News Story

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Hong Kong's Xinyi Electric Storage H1 revenue falls, posts net loss

Hong Kong's Xinyi Electric Storage H1 revenue falls, posts net loss


Overview

  • Hong Kong energy storage firm's H1 revenue fell 13% yr/yr

  • Company reported net loss attributable to shareholders, compared to profit a year earlier

  • No interim dividend declared for the period


Result Drivers

  • SEGMENT REVENUE SHIFTS - Revenue from EPC Services and PV Films declined, while electric storage business revenue increased

  • HIGHER EXPENSES - Increased selling, marketing, and administrative expenses contributed to net loss

  • GOVERNMENT GRANTS - Government subsidies and other income partially offset operating costs


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Revenue

HK$414.70 mln

H1 Net Loss Attributable

HK$27.60 mln


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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