CECEP Expects Net Profit Forecast to Drop Up to 24% in 2024

MT Newswires Live01-13

CECEP Solar Energy (SHE:000591) expects to record a net profit attributable to shareholders of between 1.20 billion yuan and 1.25 billion yuan in 2024, down up to 24% from 1.58 billion yuan a year earlier, according to a Shenzhen Stock Exchange filing on Saturday.

The drop was attributed to the insufficiency of the power grid absorption in some areas of China, while the scale of power trading marketization expanded and the average electricity price declined. The crystalline silicon solar manufacturer added that sales volume and prices declined year on year.

Earnings per share is anticipated to range between 0.3067 yuan and 0.3195 yuan, compared with 0.4038 yuan in the previous year, the disclosure said.

CECEP's shares slipped less than 2% in recent trade.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2503351349?lang=en_US&edition=full_marsco","thumbnail":"","is_english":true,"pubTime":"2025-01-13 12:13","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2503351349","market":"fut","top_or_hot":-1,"title":"CECEP Expects Net Profit Forecast to Drop Up to 24% in 2024","media":"MT Newswires Live","content":"<html><body><p> CECEP Solar Energy (SHE:000591) expects to record a net profit attributable to shareholders of between 1.20 billion yuan and 1.25 billion yuan in 2024, down up to 24% from 1.58 billion yuan a year earlier, according to a Shenzhen Stock Exchange filing on Saturday.</p><p>The drop was attributed to the insufficiency of the power grid absorption in some areas of China, while the scale of power trading marketization expanded and the average electricity price declined. The crystalline silicon solar manufacturer added that sales volume and prices declined year on year.</p><p>Earnings per share is anticipated to range between 0.3067 yuan and 0.3195 yuan, compared with 0.4038 yuan in the previous year, the disclosure said.</p><p>CECEP's shares slipped less than 2% in recent trade.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CECEP Expects Net Profit Forecast to Drop Up to 24% in 2024</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCECEP Expects Net Profit Forecast to Drop Up to 24% in 2024\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-01-13 12:13</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> CECEP Solar Energy (SHE:000591) expects to record a net profit attributable to shareholders of between 1.20 billion yuan and 1.25 billion yuan in 2024, down up to 24% from 1.58 billion yuan a year earlier, according to a Shenzhen Stock Exchange filing on Saturday.</p><p>The drop was attributed to the insufficiency of the power grid absorption in some areas of China, while the scale of power trading marketization expanded and the average electricity price declined. The crystalline silicon solar manufacturer added that sales volume and prices declined year on year.</p><p>Earnings per share is anticipated to range between 0.3067 yuan and 0.3195 yuan, compared with 0.4038 yuan in the previous year, the disclosure said.</p><p>CECEP's shares slipped less than 2% in recent trade.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0054","symbol_name":"太阳能发电","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2503351349","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2503351349","pubTimestamp":1736741619,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"CECEP Solar Energy  expects to record a net profit attributable to shareholders of between 1.20 billion yuan and 1.25 billion yuan in 2024, down up to 24% from 1.58 billion yuan a year earlier, according to a Shenzhen Stock Exchange filing on Saturday.The drop was attributed to the insufficiency of the power grid absorption in some areas of China, while the scale of power trading marketization expanded and the average electricity price declined. The crystalline silicon solar manufacturer added that sales volume and prices declined year on year.Earnings per share is anticipated to range between 0.3067 yuan and 0.3195 yuan, compared with 0.4038 yuan in the previous year, the disclosure said.CECEP's shares slipped less than 2% in recent trade.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK0054":"太阳能发电","BK0271":"能源供应","000591":"太阳能","BK0132":"高送转概念"},"translate_title":"中节能预计2024年净利润预减最多24%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"000591":0.9},"content_text":"CECEP Solar Energy (SHE:000591) expects to record a net profit attributable to shareholders of between 1.20 billion yuan and 1.25 billion yuan in 2024, down up to 24% from 1.58 billion yuan a year earlier, according to a Shenzhen Stock Exchange filing on Saturday.The drop was attributed to the insufficiency of the power grid absorption in some areas of China, while the scale of power trading marketization expanded and the average electricity price declined. The crystalline silicon solar manufacturer added that sales volume and prices declined year on year.Earnings per share is anticipated to range between 0.3067 yuan and 0.3195 yuan, compared with 0.4038 yuan in the previous year, the disclosure said.CECEP's shares slipped less than 2% in recent trade.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.32.1","shortVersion":"4.32.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2503351349"}