Hongcheng Environmental Technology Co., Ltd. (HK:2265) has released an update.
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Hongcheng Environmental Technology Co., Ltd. has reported a substantial growth in its interim financial results for the first half of 2024, with total revenue more than doubling to RMB105.1 million and net profit surging by 94.3% to RMB20.4 million. However, despite the significant rise in profits, the company’s gross profit margin has decreased from 63.3% to 49.4% compared to the same period last year.
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