Comtec Solar Group Limited (Comtec Solar) has issued a profit warning, forecasting an unaudited loss of approximately RMB 20 million to RMB 30 million for the six months ending on June 30, 2024. In comparison, the company recorded an unaudited profit of approximately RMB 48.7 million in the same period last year. The expected loss this time is mainly due to the inability to replicate the one-time net income of approximately RMB 68 million from the sale of investment properties in Shanghai during that period. The company emphasizes that the financial information contained in this announcement is the result of preliminary review and has not been reviewed by auditors or an audit committee. The final figures may be adjusted. The company will announce more detailed interim performance on August 30, 2024.

Comtec Solar Group Limited (Comtec Solar) has issued a profit warning, forecasting an unaudited loss of approximately RMB 20 million to RMB 30 million for the six months ending on June 30, 2024. In comparison, the company recorded an unaudited profit of approximately RMB 48.7 million in the same period last year. The expected loss this time is mainly due to the inability to replicate the one-time net income of approximately RMB 68 million from the sale of investment properties in Shanghai during that period. The company emphasizes that the financial information contained in this announcement is the result of preliminary review and has not been reviewed by auditors or an audit committee. The final figures may be adjusted. The company will announce more detailed interim performance on August 30, 2024.