CNE Tech Corp (00611) has released its interim results for the six months ending June 30, 2024...
CNE Tech Corp (00611) has released its interim results for the six months ending June 30, 2024, with a profit of 0.821 billion Hong Kong dollars, a decrease of 9.8% compared to the previous year; the attributable surplus of the parent company is 71.129 million Hong Kong dollars, an increase of 16.76% compared to the previous year; and earnings per share is 3.84 Hong Kong cents.
In the first half of the year, with the support of shareholders, the Group has steadily developed its new energy business through resource sharing and business synergy. Externally, the Group has improved its market layout, strengthened the development of high-quality projects, and achieved multiple successes, including winning the bid for the 100MW distributed project in Luoping, and the construction scale indicators for the Taizhou Yuduo 50MW photovoltaic project, Suining Shaji 50MW photovoltaic project, and Linxiang Phase 1 100MW/200MWh energy storage project, with a tracked project scale exceeding 4GW. Internally, the Group has strengthened industrial synergy, utilizing logistics parks and industrial park rooftop resources provided by shareholders to build rooftop distributed power stations, develop commercial and industrial energy storage projects, and explore new tracks in zero-carbon park development.