Core Viewpoint - China Smart Energy (01004) anticipates a significant increase in losses for the fiscal year ending December 31, 2023, projecting a loss of approximately HKD 299 million, compared to a loss of about HKD 95.4 million for the fiscal year ending December 31, 2022, marking an increase of 213.4% [1] Financial Performance - The projected loss for the fiscal year ending December 31, 2024, is approximately HKD 536 million, which represents a 79.3% increase from the projected loss of HKD 299 million for the fiscal year ending December 31, 2023 [1] - The increase in losses is attributed to several factors, including: - A confirmed impairment loss of approximately HKD 98 million on refundable deposits [1] - An impairment loss of about HKD 53.8 million on trade receivables and other receivables [1] - An increase in financing costs of approximately HKD 100 million [1] Key Transactions - The anticipated losses for 2024 are primarily driven by: - A loss of approximately HKD 508 million from the sale of Jinchang Jintai Photovoltaic Power Co., Ltd. [1] - A profit of about HKD 188 million from the sale of Shanghai Dianyuan Photovoltaic Power Co., Ltd. [1] - The overall impact of not needing to make additional provisions for impairment losses on refundable deposits [1]
中国智慧能源(01004)预计2024年度亏损约5.36亿港元 同比扩大79.3%