According to Zhitong Financial App, Pan Asia Environmental Protection (00556) announced the results for the six months ended June 30, 2023, with revenue of 109 million yuan (RMB, same below), an increase of 82% over the previous year; profit attributable to company owners was 2,073 million yuan, a loss of 2.107 million yuan in the same period last year; basic profit of 0.25 points per share.

Total revenue increased year-on-year during the period, mainly due to the Group's commitment to new projects and continued growth in demand for environmentally friendly and low-carbon solutions. Gross profit increased sharply by 116.9% to 16.2 million yuan, and gross margin improved to 14.9%. Thanks to enhanced project portfolio management, efficiency improved.