Qianhai Health (00911.HK) announced good earnings, expected to record a net profit of 15 million yuan for the first half of this year as of the end of June, turning losses into profits compared to a loss of 0.112 billion yuan in the same period last year.

The company said that the main reason for turning losses into profits was due to the average market price of semiconductors rising in the first half of this year, as well as the company shifting towards selling products with higher profits. In addition, the company did not have any additional inventory provision without calculation in the first half of the year, and about 20 million yuan was provisioned for the loss contract related to the procurement of electronic components in the first half of this year.