Sino-Synergy Hydrogen Energy (SEHK:9663) TTM Loss Exceeds Revenue And Fuels Bearish Narratives

Simply Wall St.04-02

Fresh off its FY 2025 numbers, Sino-Synergy Hydrogen Energy Technology (SEHK:9663) reported first half revenue of C¥58.9 million with a basic EPS loss of C¥0.356, while trailing 12 month figures show ...

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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\">\nSino-Synergy Hydrogen Energy (SEHK:9663) TTM Loss Exceeds Revenue And Fuels Bearish Narratives\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-04-02 20:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/hk/capital-goods/hkg-9663/sino-synergy-hydrogen-energy-technology-jiaxing-shares/news/sino-synergy-hydrogen-energy-sehk9663-ttm-loss-exceeds-reven><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Fresh off its FY 2025 numbers, Sino-Synergy Hydrogen Energy Technology (SEHK:9663) reported first half revenue of C¥58.9 million with a basic EPS loss of C¥0.356, while trailing 12 month figures show ...</p>\n\n<a href=\"https://simplywall.st/stocks/hk/capital-goods/hkg-9663/sino-synergy-hydrogen-energy-technology-jiaxing-shares/news/sino-synergy-hydrogen-energy-sehk9663-ttm-loss-exceeds-reven\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TTM","symbol_name":"塔塔汽车","start_time":0,"source_url":"https://simplywall.st/stocks/hk/capital-goods/hkg-9663/sino-synergy-hydrogen-energy-technology-jiaxing-shares/news/sino-synergy-hydrogen-energy-sehk9663-ttm-loss-exceeds-reven","article_id":"2624504193","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/3051000-choice2-main-header/1585186647175"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/hk/capital-goods/hkg-9663/sino-synergy-hydrogen-energy-technology-jiaxing-shares/news/sino-synergy-hydrogen-energy-sehk9663-ttm-loss-exceeds-reven","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2624504193","pubTimestamp":1775132667,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Fresh off its FY 2025 numbers, Sino-Synergy Hydrogen Energy Technology (SEHK:9663) reported first half revenue of C¥58.9 million with a basic EPS loss of C¥0.356, while trailing 12 month figures show revenue of C¥368.3 million and a basic EPS loss of C¥0.732. Over the last three reported half year periods, the company has seen revenue move from C¥133.0 million in 1H 2024 to C¥309.4 million in 2H 2024, then to C¥58.9 million in 1H 2025, with net income remaining in loss territory across each...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"TTM":"塔塔汽车"},"translate_title":"中协同氢能（SEHK：9663）TTM亏损超过收入，加剧看跌叙事","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TTM":1.5},"content_text":"Fresh off its FY 2025 numbers, Sino-Synergy Hydrogen Energy Technology (SEHK:9663) reported first half revenue of C¥58.9 million with a basic EPS loss of C¥0.356, while trailing 12 month figures show revenue of C¥368.3 million and a basic EPS loss of C¥0.732. Over the last three reported half year periods, the company has seen revenue move from C¥133.0 million in 1H 2024 to C¥309.4 million in 2H 2024, then to C¥58.9 million in 1H 2025, with net income remaining in loss territory across each period. With the stock trading at C¥4.30, these results keep the focus firmly on whether margins can stabilize and eventually support a path out of sustained losses. See our full analysis for Sino-Synergy Hydrogen Energy Technology (Jiaxing). With the headline numbers set, the next step is to see how this earnings profile matches up against the prevailing narratives around growth potential, risk, and long term profitability. Curious how numbers become stories that shape markets? Explore Community Narratives SEHK:9663 Earnings & Revenue History as at Apr 2026 AdvertisementFive year losses still widening  Over the past five years, earnings have moved further into loss at a rate of 1.9% per year, and on a trailing 12 month basis the company recorded net income of C¥379.1 million in losses against C¥368.3 million in revenue. Bears point to this pattern of losses as a core concern, and the current data leans in their direction:\n     Each of the last three half year periods shows a net loss, from C¥212.3 million in 1H 2024 to C¥194.9 million in 2H 2024 and C¥184.2 million in 1H 2025, so there is still no period of profitability to offset the multi year decline. With trailing 12 month basic EPS at a loss of C¥0.732 and every half year EPS figure in the table negative, critics highlight that the path back to positive earnings is not visible in the reported numbers.    🐻 Sino-Synergy Hydrogen Energy Technology (Jiaxing) Bear Case Revenue swings against persistent losses  Revenue has moved from C¥133.0 million in 1H 2024 to C¥309.4 million in 2H 2024 and then to C¥58.9 million in 1H 2025, while losses stayed large in each period, ranging from C¥212.3 million to C¥184.2 million. What stands out for a more optimistic take is how the business is positioned against this backdrop:\n     The AI narrative highlights exposure to hydrogen fuel cells and electrolyzers across transport and stationary power, and the C¥368.3 million of trailing 12 month revenue shows the company is already generating sales from these areas even though they are not yet covering costs. Supporters who focus on hydrogen as a long term theme may view the repeated half year revenue in the hundreds of millions of C¥ alongside ongoing R&D as a sign that the current losses are tied to building out products rather than an absence of demand.    Mixed signals from P/S ratio  The current P/S of 5.2x sits below the peer average of 5.8x but well above the Hong Kong Electrical industry average of 0.7x, while the share price is C¥4.30. For a cautious reader, this split valuation picture raises a clear question about how the loss profile is being priced:\n     On one hand, being cheaper than peers on P/S fits with the bearish concern that multi year earnings decline at 1.9% per year and trailing 12 month losses of C¥379.1 million are weighing on how the market values each C¥ of sales. On the other hand, trading at a much richer P/S than the broader electrical industry suggests investors still assign a premium to Sino-Synergy’s hydrogen focus despite the lack of profitability so far.    Next Steps Don't just look at this quarter; the real story is in the long-term trend. We've done an in-depth analysis on Sino-Synergy Hydrogen Energy Technology (Jiaxing)'s growth and its valuation to see if today's price is a bargain. Add the company to your watchlist or portfolio now so you don't miss the next big move. With such mixed signals on losses, revenue and valuation, it makes sense to look through the numbers yourself and move quickly to an informed view. Before you decide where you stand, it is worth checking the 1 important warning sign. See What Else Is Out There Sustained losses, a trailing 12 month net loss larger than revenue and no profitable half year yet all point to earnings risk that is hard to ignore. If you want ideas where the focus leans more toward resilience than ongoing losses, check out the 274 resilient stocks with low risk scores to quickly spot companies with lower overall risk profiles.  This article by Simply Wall St is general in nature. We provide commentary based on historical data\n    and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n    financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n    Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n    Simply Wall St has no position in any stocks mentioned.New: Manage All Your Stock Portfolios in One PlaceWe've created the ultimate portfolio companion for stock investors, and it's free.• Connect an unlimited number of Portfolios and see your total in one currency• Be alerted to new Warning Signs or Risks via email or mobile• Track the Fair Value of your stocksTry a Demo Portfolio for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. 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