Zhitong Financial APP News, Fanya Environmental Protection (00556) released its results for the six months ended June 30, 2023, with an income of 109 million yuan (RMB, the same below), an increase of 82% over the same period last year. The profit attributable to the owners of the company was 2.073 million yuan, compared with a loss of 2.107 million yuan in the same period last year.
The year-on-year increase in total revenue during the period was mainly due to the Group's commitment to new projects and the growing demand for environmentally friendly and low-carbon solutions. Gross margin increased significantly by 116.9% to 16.2 million yuan, and gross profit margin improved to 14.9%, thanks to increased efficiency due to the strengthening of project portfolio management.