Zhitong Financial APP News, Xinyi Storage Power (08328) released interim results for the six months ended June 30, 2023. The group earned HK $551 million in revenue during the period, an increase of 57.4% over the same period last year. The profit attributable to shareholders was HK $13.534 million, down 38% from the same period last year.
According to the announcement, the increase in revenue is mainly due to the following reasons: the increase in revenue from power storage business, compared with HK $66.3 million in the first half of 2022 and HK $159 million in the first half of 2023, is mainly due to an increase in sales of industrial and commercial energy storage products during the period. The increase in revenue from photovoltaic film was HK $123 million in the first half of 2023 compared with HK $9.3 million in the first half of 2022, mainly due to a gradual increase in sales after the launch of new business, and an increase in revenue from other businesses. compared with HK $11.3 million in the first half of 2022, revenue in the first half of 2023 was HK $30.5 million, mainly due to increased sales of electric forklifts.