Summary by Futu AI
Xinte Energy Limited ("Xinte Energy") announced its interim performance for the six months ended June 30, 2024, with a 33.23% decrease in revenue compared to the same period last year, reaching RMB 11,743.10 million; the total loss amounted to RMB 941.21 million, while a total profit of RMB 6,442.25 million was recorded in the same period last year. The net loss attributable to shareholders of the listed company was RMB 887.02 million, compared to a net profit of RMB 4,758.97 million in the same period last year. The basic earnings per share was -0.62 yuan, compared to 3.33 yuan in the same period last year. The Board of Directors recommended not declaring an interim dividend. Xinte Energy stated that the decline in performance was mainly due to a significant decrease in polysilicon prices. The company will continue to strengthen cost control and market expansion, and actively respond to market challenges.