Gelonghui August 31st 丨Tibet Water Resources (01115.HK) announced that for the six months ended June 30, 2023, realized revenue was RMB 173 million, down 5.9% year on year; adjusted profit before interest, tax, depreciation and amortization was RMB 19.146 million, down 51.8% year on year; losses due to company owners during the period were RMB 13.467 million, and profit attributable to company owners for the same period last year was RMB 7.821 million, with a basic loss of 0.35 points per share.
In the first half of 2023, the Group's overall gross margin was 29.0%, down 5.0 percentage points from the first half of 2022. The gross margin of the water business segment was 14.4%, up 2.8 percentage points from the first half of 2022. The gross margin of the beer business segment was 34.0% in the first half of 2023, down 4.4 percentage points from the first half of 2022. The overall decline in gross margin was mainly due to lower sales volume of beer products and higher fixed costs allocated.