GREEN ENERGY GP (00979.HK): Profit Warning — Expects FY2026 Loss to Narrow to HKD 11 Million–HKD 14 Million
- The reduced loss partly reflects lower operating losses in the plastic recycling business after the German processing plant suspended operations in August 2025.
- The new AI chip trading business recorded an operating profit in FY2026.
- The FY2026 annual results announcement is expected in late September 2026, and the figures have not been reviewed by the audit committee or the independent auditor.
NewTimeSpace News: On 17 September 2026, Green Energy Group Limited (stock code: 00979) issued a profit warning, expecting to record a loss attributable to owners of the Company of approximately HKD 11,000,000 to HKD 14,000,000 for the year ended 30 June 2026, compared with approximately HKD 16,000,000 for the year ended 30 June 2025, based on information currently available and the preliminary results of the Group's unaudited consolidated management accounts.
The Board attributes the reduced loss to a higher gross profit margin in the renewable energy segment driven by rising waste cooking oil market prices, lower operating losses in the plastic recycling business after the German processing plant suspended operations in August 2025, and an operating profit recorded by the new AI chip trading business in FY2026. The Company is still finalising its consolidated results for FY2026; the figures are preliminary, have not been reviewed by the audit committee or the independent auditor, may be adjusted, and the annual results announcement is expected in late September 2026.
NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.
