Reported 12 months ago
Green Energy (8440) recently disclosed a self-assessed net profit of 5 million yuan after tax for June, with an earnings per share of 0.1 yuan; accumulating a net profit after tax of 10 million yuan for the period of May to June, with an EPS of 0.22 yuan. Green Energy is a Taiwanese company formed by a strategic alliance of 12 major home appliance manufacturers in Taiwan, specializing in recycling and processing waste electrical and information products. Its revenue for April to June is showing a year-on-year growth due to the rise in international copper prices. However, challenges related to the disposal of air conditioners have led to high recycling costs and impacted profitability, with a significant decline in earnings in the first quarter of the year. The stock price of Green Energy has surged by nearly 50% from mid-June to July 2nd.
Source: YAHOO