Core Viewpoint - China Smart Energy (01004.HK) is expected to report a loss of approximately HKD 299 million for the year ending December 31, 2023, which represents a significant increase of 213.4% compared to a loss of approximately HKD 95.4 million for the year ending December 31, 2022 [1] Group 1: Financial Performance - The increase in losses is primarily attributed to confirmed impairment losses, including approximately HKD 98 million for refundable deposits and approximately HKD 53.8 million for trade receivables and other receivables [1] - The company anticipates a further increase in losses to approximately HKD 536 million for the year ending December 31, 2024, marking a 79.3% increase from the expected loss of HKD 299 million in 2023 [1] Group 2: Key Factors Influencing Losses - The anticipated increase in losses for 2024 is mainly due to a loss of approximately HKD 508 million from the sale of Jinchang Jintai Photovoltaic Power Co., Ltd. and a profit of approximately HKD 188 million from the sale of Shanghai Dianyuan Photovoltaic Power Co., Ltd. [1] - Additionally, the overall impact of not needing to further provision for impairment losses on refundable deposits will also influence the financial results [1]
中国智慧能源(01004.HK)盈警：预计2024年度录得亏损约5.36亿港元