Qiaoyang International Holdings (08070) announced interim results for 2023, with income of about HK $217 million, an increase of 36.7% over the same period last year; profit attributable to the company's owners was HK $9.863 million, an increase of 109.23% over the same period last year; and earnings per share were HK4.93 cents.
The increase in revenue was mainly due to an increase in purchase orders for transformers and electronic components from an existing customer engaged in the production of clean energy equipment components, the announcement said.