Weigang Environmental Technology Holding Group Ltd. (HK:1845) has released an update.
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Weigang Environmental Technology Holding Group Ltd. reported a 4.2% increase in revenue for the first half of 2024, amounting to RMB90.3 million. Despite higher revenues, the company experienced a significant downturn with a gross profit decrease to RMB26.4 million and a net loss of RMB4.8 million, worsening from the previous year’s results. Additionally, losses per share rose sharply to RMB0.395 cents, a stark contrast to the earnings of RMB0.034 cents per share in the same period of 2023.
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