FilingReader Intelligence

Perennial Energy warns of 97% profit plunge

August 4, 2025 at 11:29 AM UTCBy FilingReader AI

Perennial Energy Holdings expects net profit for the six months ended June 30, 2025, to range from 6 million yuan to 100,000 yuan, down 97.6% to 99.9% from 257.6 million yuan in 2024.

The decline stems from falling clean coal prices, geological complexities causing operational delays and higher costs, plus rising compliance expenses.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

HKEX:2798Hong Kong Exchange

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