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Detai New Energy Group (00559) issued a profit warning. Shareholders' losses are expected to be accounted for by HK$5 million to HK$10 million year-on-year profit and loss
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According to the Zhitong Finance App, Detai New Energy Group (00559) announced that the Group expects to obtain losses attributable to the Company's owners between HK$5 million and HK$10 million for the year ending June 30, 2026, while the profit attributable to the Company's owners is approximately HK$34 million for the year ended June 30, 2025. The shift from profit to loss for the year ended June 30, 2026 is mainly due to the Group's recognition of a fair value change in the fair value of financial assets recorded as profit and loss at fair value for the year ended June 30, 2026, as losses of approximately HK$5 million, while the Group recognized income of approximately HK$35 million on the value of such financial assets for the year ended June 30, 2025.

Trading of the company's shares continues to be suspended.

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