Boosted by Dual-Engine Momentum, Yunpao Energy H2 Looks Promising

Reported 9 months ago

In the shareholders meeting of Yunpao Energy (6869), General Manager Zhao Shumin reported that the company's solar photovoltaic and energy storage projects are progressing well, with new projects starting and completed projects entering the operational phase. The company's revenue is expected to show positive growth with continuous diversification efforts. Despite a slight net loss in May, Yunpao Energy's stock price has surged since its listing, climbing over 50%. The company acknowledged a strong financial performance in 2023, with a dividend payout ratio of 70% and cash dividend per share reaching 6.1 yuan. Yunpao Energy's focus on solar photovoltaics has led to successful operations of its subsidiaries. Looking ahead, the company plans to strengthen its business development and revenue momentum with a focus on renewable energy, energy storage, green energy trading, diversified layout in the circular economy, and expanding overseas markets.

Source: YAHOO

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