Zhitong Financial App News, China Green Island Technology (02023) released its results for the six months ended June 30, 2023, with revenue of 406 million yuan (RMB, the same below), an increase of 83.4 percent over the same period last year, and profits attributable to shareholders of 30.253 million yuan, up 38.6 percent from the same period last year.
During the period, the group made a gross profit of about 65.7 million yuan (2022: about 34.6 million yuan) and a gross profit margin of about 16.2% (2022: about 15.6%). The increase in gross margin was mainly due to the gradual decline in the price of raw materials during the reporting period.