"Performance" CN ANCHU ENERGY's annual loss narrowed to 295 million RMB, auditor expresses opinion
CN ANCHU ENERGY (02399.HK) announced its full-year results for the year ended last December, with a revenue of RMB 88.533 million, a year-on-year decrease of 81%. The loss narrowed to RMB 295 million, compared to a loss of RMB 351 million in the same period last year; the loss per share was 9.68 cents. No dividend was declared.
The auditor expressed an opinion stating that the group had a net current liability of approximately RMB 328 million at the end of last year. This situation indicates significant uncertainty that may raise substantial doubts about the group's ability to continue as a going concern
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