Gelonghui August 8th 丨Science and Technology (00746.HK) announced that for the six months ended June 30, 2022, the Group achieved a turnover of HK$3.251 billion, up 43.1% year on year; gross profit of HK$1,441 million, up 41.6% year on year; gross margin narrowed slightly by 0.5 percentage points to 44.3%; profit attributable to company owners of HK$881 million, up 51.8% year on year; basic profit of HK$108.0 per share and an interim dividend of HK$38 per share.

In terms of the chemical business, during the review period, the domestic epidemic became tense for a while. All provinces and cities had different forms of control measures, affecting the manufacturing supply chain. It also made transportation arrangements for raw materials and manufactured products very challenging. Transportation costs also increased markedly. In line with the epidemic prevention regulations, the production capacity of factories in different industries was clearly limited or even shut down, driving the market prices of industrial raw materials such as chemical products to remain high. The Group also benefited from this. In terms of property business, the Group sold 19 more units during the review period”Xinyue Creek” Residential units came from property sales revenue of approximately HK$27 million during the period.