Gelonghui November 23丨Xunhe Group (01591.HK) announced that in its interim results for the six months ended September 30, 2023, the Group's revenue increased by about 83.0% over the same period in 2022 to about HK$235 million. The sharp increase is mainly due to the fact that a number of large-scale foundation projects undertaken by the Group during the period are nearing completion. The Group recorded net profit of approximately HK$32.9 million, compared with approximately HK$16.3 million for the same period in 2022. Earnings per share attributable to the owners of the company were HK0.823 cents.

During the period, the pace of economic recovery was slower than initially anticipated, and competition in the foundation industry was fierce. The Group stabilizes its position in the market and expands its market share through its unremitting resilience and flexible adaptability. Furthermore, the Group's unswerving implementation of strict cost control measures and the development of material sources directly contributed to the increase in gross margin. As a result, it recorded extraordinary results during the period.