Qihe Environmental Protection (00976) announced its 2023 results, with revenue of approximately HK$16.48 billion, a year-on-year decline of 15.8...
According to the Zhitong Finance App, Qihe Environmental Protection (00976) announced its 2023 results, with revenue of about HK$16.48 billion, down 15.8% year on year; loss attributable to the company's shareholders was approximately HK$9.3 million, profit due in 2022; loss of HK$0.01 per share. The Company has applied to the Stock Exchange to resume trading of the Company's shares on the Stock Exchange starting at 9:00 a.m. on April 24, 2024.
Among them, the European regional business (accounting for more than 90% of the Group's performance) was affected by rising energy prices and strong demand fluctuations, and did not achieve sales and revenue growth; total sales in the Asian region increased 11.8% year on year, and gross profit increased by 247.5% year on year.
Gross margin increased slightly from 6.2% to 6.3% during the year. The increase in gross margin was mainly due to the Group's focus on sales bargaining power and continuing to review changes in recycled metal prices to adjust the structure to maintain a high gross profit margin.