Hongcheng Environmental Tech Forecasts Profit Surge

Hongcheng Environmental Technology Co., Ltd. (HK:2265) has released an update.

Hongcheng Environmental Technology Co., Ltd. anticipates a significant increase in profit for the first half of 2024, with an expected profit range of RMB20.0 million to RMB20.5 million, marking an approximately 90% to 95% increase from the previous year. This surge is largely attributed to the successful launch of their new sulphuric acid production line, which has generated around RMB46.3 million in revenue. Investors are advised to exercise caution as these preliminary figures, based on unaudited accounts, are yet to be confirmed by the company’s auditors.

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