Comtec Solar Energy System Group Limited announced the interim report for the six months ended June 30, 2024. The report indicates that the group is mainly engaged in solar energy and energy storage business, and provides logistics services. During the period, the group continued to operate rooftop solar power generation projects through wholly-owned subsidiaries, and provided solar energy design, procurement, and construction services to customers in China. Additionally, the group actively invested in flywheel energy storage systems in Shanxi Province, expected to be completed and connected to the grid in the second half of 2024. In terms of logistics services, the group expects business to grow steadily in 2024, and has initiated a due diligence investigation to acquire equity of Changzhou Zhilian Cloud...Show More

Comtec Solar Energy System Group Limited announced the interim report for the six months ended June 30, 2024. The report indicates that the group is mainly engaged in solar energy and energy storage business, and provides logistics services. During the period, the group continued to operate rooftop solar power generation projects through wholly-owned subsidiaries, and provided solar energy design, procurement, and construction services to customers in China. Additionally, the group actively invested in flywheel energy storage systems in Shanxi Province, expected to be completed and connected to the grid in the second half of 2024. In terms of logistics services, the group expects business to grow steadily in 2024, and has initiated a due diligence investigation to acquire equity of Changzhou Zhilian Cloud. Financially, the group's income increased compared to the same period last year, mainly due to the growth in revenue from logistics services. However, due to a decrease in one-time net income, the group recorded a decrease in gross profit and pre-tax loss. During the period, the group did not declare interim dividends. After the reporting period, the group received a winding-up petition, which was withdrawn on September 11, 2024.