TCL Zhonghuan Renewable Energy Technology Swings to Loss in Q3 as Revenue Drops 54%

MT Newswires Live10-29

TCL Zhonghuan Renewable Energy Technology (SHE:002129) swung to third-quarter net loss attributable to shareholders of 2.99 billion yuan, or 1.5196 yuan per share, from the previous year, according to a Tuesday filing with the Shenzhen bourse.

In Q3 2023, net profit stood at 1.65 billion yuan, or 0.34 yuan per share.

The photovoltaic material maker's Q3 revenue fell 54% year over year to 6.37 billion yuan.

Shares of TCL Zhonghuan Renewable Energy Technology were down less than 2% in recent trade.

Price (RMB): ¥12.40, Change: ¥-0.28, Percent Change: -2.21%

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