TBEA Publishes Financial Forecast for H1 2024

PVTIME – TBEA Co., Ltd. (TBEA, 600089.SH), a leading manufacturer of high-end power transmission and transformation equipment, renewable energy and new materials, has released its forecast for the first half of 2024.

It is estimated to achieve net profit of 2.8 billion to 3.1 billion yuan (approximately US dollars), a year-on-year decrease of 58.48% to 62.50%. And after deducting the gains and losses, the net profit is expected to be 2.7 billion to 3 billion yuan (approximately US dollars), representing a year-on-year decrease of 57.61% to 61.85%.

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