Summary by Futu AI
SDHS New Energy Group Limited announced its interim results for the six months ended June 30, 2024, with a net profit of approximately HKD 399.9 million, an increase of approximately 13% from HKD 355.4 million in the same period last year. Financial expenses were approximately HKD 719.3 million, a decrease from HKD 781.2 million in the same period last year. Before interest, taxes, depreciation and amortization, the profit was approximately HKD 2,139.2 million, an increase of approximately 8% compared to the same period last year. The asset-liability ratio at the end of the period decreased to approximately 61%, with cash and cash equivalents of approximately HKD 466.74 million and a current ratio of 2.14. Basic and diluted earnings per share were 13.31 Hong Kong cents. The board of directors does not recommend the payment of interim dividends. The company has achieved significant results in photovoltaic power generation, wind power business and clean heating service business, and actively exploring diversified new energy application models and scenarios.
