BaWang International (Group) Expects 64% Lower Net Profit in January-to-October Period

MT NewswiresNov 15 20:31

Bawang Group (01338.HK): It is expected that the net income for the first ten months will significantly decrease.

Grainews, November 15th - Bawang Group (01338.HK) announced that, according to the preliminary review of the management on the operating performance up to the first ten months of 2024, compared with the same period in 2023, the management expects a significant decrease in the group's net income for the first ten months of 2024. During the first ten months of 2024, the group's revenue slightly increased compared to the same period in 2023, and maintained a relatively stable gross margin. This can be attributed to the group's efforts starting from 2024 to use renewable cecep solar energy for our production plants to save production costs and reduce depreciation. However, even so, the group expects a decrease in net income for the first ten months of 2024.

Gelonghui FinanceNov 15 17:19

bawang Group [01338] is now trading at 0.063 Hong Kong dollars, with a rise of 12.50%.

As of 09:40, Bawang Group [01338] reported HKD 0.063, up HKD 0.007 or 12.50% from the previous closing price of HKD 0.056, with a turnover of HKD 0.001 million. Today's highest price is HKD 0.063, the lowest price is HKD 0.063. Based on the previous closing price, the 10-day average price is HKD 0.06, the 50-day average price is HKD 0.05, and the current PE ratio is 11.91 times. The 14-day relative strength index is at 45.45.

Golden Guard Financial NewsOct 25 09:40

BAWANG GROUP: Interim Report 2024

HKEXSep 26 06:12 · Announcements

Bawang (01338.HK) awarded the Guangzhou Huashan Phase II project EPC service contract, involving 9.7 million RMB.

Bawang International (01338.HK) announced that its wholly-owned subsidiary, Bawang Guangzhou, as the principal, signed an EPC contract with Zhensen Electric on September 6, 2024. Zhensen Electric will provide EPC services for the second phase of the distributed photovoltaic power generation project in Huashan Town, Huadu District, Guangzhou, with a contract price of 9.7 million RMB, utilizing the roofs of multiple buildings to install a distributed photovoltaic power generation system. The planned installed capacity of Phase One in Huashan is approximately 1.82 megawatts, and the planned installed capacity of Phase Two is approximately 3.42 megawatts. The second phase is expected to commence construction in September 2024, and is expected to be completed by the third quarter of 2025 or earlier.

AASTOCKSSep 6 16:46

Bawang Group (01338.HK): Bawang Guangzhou and Zhensen Electric Power entered into an EPC contract.

On May 10, 2024, BaWang Group (01338.HK) announced that its wholly-owned subsidiary BaWang Guangzhou (as the principal) signed an EPC contract with ZhenSen Electric Power Co., Ltd. (as the trustee) for the EPC service of HuaShan Phase I project with a contract price of RMB 5,210,000 (including tax). Subsequently, on September 6, 2024, BaWang Guangzhou (as the principal) signed an EPC contract with ZhenSen Electric Power Co., Ltd. (as the trustee) for the EPC service of HuaShan Phase II project.

Gelonghui FinanceSep 6 16:45