Summary by Moomoo AI
BEIJING JINGCHENG MECHANICAL AND ELECTRICAL CO., LTD. (“JINGCHENG ELECTRICAL POWER”) ISSUED A LOSS ANNOUNCEMENT FOR 2023. NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS OF LISTED COMPANIES WILL LOSE RMB4,600 MILLION TO ¥5,500 MILLION IN 2023. The company faced a loss this year compared with a net profit of about RMB1,830.24 million compared to the same period last year. In addition, net profit loss is expected to reach RMB5,930 million to RMB6,830 million after excluding non-recurring gains. The company noted that the international situation, a decline in export business, increased competition in the domestic market, and growth in the hydrogen industry below expectations were the main reasons for the losses. At the same time, the company increased its investment in the R&D of key technologies in hydrogen storage...Show More