According to the Zhitong Finance App, Titan Energy Technology (02188) announced that compared with the losses attributable to shareholders of about RMB 11.037 million for the six months ending June 30, 2022, the Group is expected to obtain net profit of about RMB 4 million to RMB 6 million from shareholders in the six months ending June 30, 2023.
According to reports, the above transformation is mainly due to a 10% increase in turnover during this period to about RMB 138 million, resulting in an increase in gross profit; and the receipt of about RMB 9.6 million in science and technology strategy and innovation funds from Guangdong Province for the Group's super charging pile key technology research and industrialization projects (recorded as other revenue).