Zitong Financial App News, Ruifeng New Energy (00527) announced interim results for 2021, with a profit of about 199 million yuan (the same as below), an increase of about 13%, a gross profit increase of about 24% to about 81.528 million yuan, a loss attributable to equity holders of the company of 30.862 million yuan, an increase of about 8.24% year-on-year, and a basic and diluted loss of 0.016 yuan per share.

The increase in revenue is mainly due to an increase in electricity generation and electricity sales after rebounding in the impact of the COVID-19 epidemic, the announcement said. The increase in gross margin was mainly due to an increase in electricity sales, while the cost of sales remained broadly stable.

The loss was mainly attributable to the combined impact of the recognition of share-based payment expenses and increased financing costs.