Summary by Moomoo AI
Guohong Hydrogen Technology (Jiaxing) Co., Ltd. (“Guohong Hydrogen Energy”) issued a profit warning, expecting to record a loss of approximately RMB396.4 million to RMB423.8 million for the year ended December 31, 2023, an increase of approximately 45% to 55% compared to the same period in 2022. The increase in losses was mainly due to the early commercialization of the hydrogen fuel cell industry, inadequate technical development and infrastructure resulting in delayed orders; increased R&D and administrative expenses; and factors such as one-time listing expenses. THE COMPANY EMPHASIZES THAT THIS IS A PRELIMINARY ASSESSMENT AND WILL ANNOUNCE ITS ANNUAL RESULTS BY THE END OF MARCH 2024. Shareholders and potential investors should exercise caution.