Fengsheng Holdings (00607) announced interim results. Shareholders' losses of 1,496 billion yuan increased 766.87% year-on-year

According to the Zhitong Finance App, Fengsheng Holdings (00607) announced interim results for the six months ended June 30, 2024. The group achieved revenue of 10.675 billion yuan (RMB, same below) during the period, a year-on-year decrease of 7.59%; losses attributable to shareholders amounted to 1,496 billion yuan, an increase of 766.87% year-on-year; and a basic loss of 2.349 yuan per share.

According to the announcement, the decline in the Group's revenue was mainly due to the new energy sector, which brought the biggest drop in the Group's revenue, about 1,098 billion yuan. The main reason was the reduction in the delivery volume of wind power gear transmission equipment.