Beijing Electromechanical Co., Ltd. (00187) declined by more than 5%. As of press release, it was down 5.35% to HK$2.83, with a turnover of HK$589.05 million.
The Zhitong Finance App learned that Beijing Electromechanical Co., Ltd. (00187) declined by more than 5%. As of press release, it fell 5.35% to HK$2.83, with a turnover of HK$589.05 million.
According to the news, recently, the news that Shandong is exempting hydrogen vehicles from highway tolls spurred hydrogen energy concept stocks to rise higher in the secondary market. In response, Jingcheng Co., Ltd. issued a stock trading change announcement stating that the company's main business has not changed and is still equipment manufacturing. The sales revenue of the company's hydrogen storage bottles and other related products is relatively small compared to the company's other main products, and its contribution to the company's performance is limited.
Beijing Electromechanical Co., Ltd. previously issued a profit warning. It is estimated that in 2023, net profit attributable to shareholders of listed companies will be about RMB 46 million to RMB 55 million, changing from profit to loss over the previous year. Expected losses are mainly due to a decline in export business contributions; increased research and development of key technologies for hydrogen energy storage and transportation, and a sharp increase in R&D investment; and a significant increase in accrued credit impairment losses.