The Zhitong Finance App learned that Central New Energy (01735) rose by more than 6% and rose 6.93% at press time to HK$6.33, with a turnover of HK$16.28 million.

According to the news, the company announced its annual results for the year ended December 31, 2023. The group achieved revenue of HK$4,028 billion during the period, an increase of 149.64%; the company owner should have accounted for annual profit of HK$66,323 million; in the same period last year, the company owner should have accounted for a loss of HK$27.843 million during the year; and a basic profit of HK$1.57 per share.

According to the announcement, the increase in revenue was mainly driven by a strong increase in sales of N-type cells and photovoltaic modules in the reporting year, resulting in a net increase in revenue of approximately HK$2.12 billion in the new energy and EPC segment (previous reporting year: approximately HK$58.6 million).