China Conch Venture Holdings Limited (Conch Venture) announced its interim results for the six months ended June 30, 2024, with revenue of approximately RMB 3.135 billion, a year-on-year decrease of 29.35%. Net profit attributable to equity shareholders was approximately RMB 1.176 billion, a year-on-year decrease of 35.32%, and basic earnings per share were RMB 0.67. The board of directors has decided not to declare an interim dividend. The consolidated financial statements of the Company and its subsidiaries have been approved by the board of directors and reviewed by the audit committee. The Group's main business includes construction, operation and logistics services for waste disposal projects, port logistics services, and the production, sales, and investment of new building materials and new energy. During...Show More

China Conch Venture Holdings Limited (Conch Venture) announced its interim results for the six months ended June 30, 2024, with revenue of approximately RMB 3.135 billion, a year-on-year decrease of 29.35%. Net profit attributable to equity shareholders was approximately RMB 1.176 billion, a year-on-year decrease of 35.32%, and basic earnings per share were RMB 0.67. The board of directors has decided not to declare an interim dividend. The consolidated financial statements of the Company and its subsidiaries have been approved by the board of directors and reviewed by the audit committee. The Group's main business includes construction, operation and logistics services for waste disposal projects, port logistics services, and the production, sales, and investment of new building materials and new energy. During the reporting period, revenue from waste disposal projects decreased year-on-year during the construction period, overseas orders for energy-saving equipment decreased, and the business of new building materials and port logistics was affected by intensified market competition. The company will focus on its core management advantages in waste-to-energy generation, improve quality and efficiency, and actively explore the market. The board of directors confirmed that the Company has always complied with the principles and all applicable provisions of the Corporate Governance Code during the reporting period.