Guohong Hydrogen Technology (Jiaxing) Co., Ltd. ("Guohong Hydrogen") has issued a profit warning, expecting a shareholder's loss of approximately RMB 203 million to RMB 216 million in the first half of 2024, an increase from a loss of approximately RMB 124 million in the same period last year. The expansion of losses is mainly due to the lower gross profit in the introduction stage of the new generation of products, increase in research and development investment, and increase in provision for credit impairment of accounts receivable. The company pointed out that the mid-term performance announcement is still being prepared, and this profit warning is based on preliminary evaluation. The actual performance may differ from the forecast. The company will issue a mid-term performance announcement before the end of August 2024 and remind shareholders and potential investors to trade stocks prudently.

Guohong Hydrogen Technology (Jiaxing) Co., Ltd. ("Guohong Hydrogen") has issued a profit warning, expecting a shareholder's loss of approximately RMB 203 million to RMB 216 million in the first half of 2024, an increase from a loss of approximately RMB 124 million in the same period last year. The expansion of losses is mainly due to the lower gross profit in the introduction stage of the new generation of products, increase in research and development investment, and increase in provision for credit impairment of accounts receivable. The company pointed out that the mid-term performance announcement is still being prepared, and this profit warning is based on preliminary evaluation. The actual performance may differ from the forecast. The company will issue a mid-term performance announcement before the end of August 2024 and remind shareholders and potential investors to trade stocks prudently.