Gelonghui August 29th 丨Wanshun Group Holdings (01746.HK) announcedFor the six months ended June 30, 2023, the Group recorded revenue of approximately HK$698.52 million (for the six months ended June 30, 2022: approximately HK$58.202 million). Profit attributable to equity shareholders of the company was approximately HK$1,353 million (6 months ended June 30, 2022: loss of approximately HK$2,222,200).Earnings per share were HK0.14 cents.

The Group is registered as a registered electrical contractor under the Electrical and Mechanical Services Department, a Type A (Class II and III), Type D (Class II and III) and Type E (Class II and III) minor works contractor (company) under the Building Authority, and a registered subcontractor under the Construction Industry Council's subcontractor registration system.

At the beginning of 2023, the novel coronavirus situation stabilized or subsided, and the Hong Kong Special Administrative Region Government lifted the mandatory wearing of masks in March 2023. The economy has moderately returned to normal, and construction projects have progressed smoothly. As a result, compared with the net loss for the same period, the Group's financial performance for the reporting period turned a loss into a profit.

Furthermore, management has been actively considering other business opportunities that bring better returns to the Group, such as providing maintenance and other services, to create additional revenue streams for the Group.