CN Energy Storage (01143) issues profit warning, expecting a net loss of approximately 40-48 million Hong Kong dollars in 2025, turning from profit to loss year-on-year.

date
23:56 26/03/2026
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GMT Eight
China Energy Storage Technology Development (01143) has released an announcement, expecting a net loss of approximately 40 million to 48 million Hong Kong dollars for the fiscal year ending on December 31, 2025 (2025 fiscal year), while the company recorded a net profit of about 6.3 million Hong Kong dollars for the fiscal year ending on December 31, 2024 (2024 fiscal year).
CN Energy Storage (01143) announced that it is expected to incur a loss of approximately HK$40 million to HK$48 million for the year ending December 31, 2025 (2025 financial year), compared to a net profit of approximately HK$6.3 million for the year ending December 31, 2024 (2024 financial year). The increase in loss for the 2025 financial year compared to the 2024 financial year is mainly due to a decrease in revenue for the company in the 2025 financial year.