On August 16th, Gelunhui reported that Jujiang Cons (01459.HK) achieved stable operation performance and maintained healthy development despite the opportunities and challenges faced by the industry in the first half of 2024. As of June 30, 2024, the group's revenue and net income were approximately RMB 3.83 billion and approximately RMB 16.8 million respectively, which decreased by approximately 8.0% and 46.1% respectively compared with the same period last year. The basic and diluted earnings per share were RMB 0.03. The Board of Directors does not recommend the distribution of interim dividends for the first half of 2024 (June 30, 2023: None).

In the first half of 2024, faced with industry challenges and opportunities, the group has confidence and takes an adaptive approach, focusing on 'maintaining total volume, improving quality, reducing inventory' to achieve a net value of new signed projects of approximately RMB 104.4 million. During the first half of the year, the group undertook five projects worth more than RMB 100 million each. The successful bid amount for public bidding projects exceeded RMB 0.5 billion, and new signed large customer business accounted for 64.8% of the total contract amount. In January 2024, the group successfully won the bid for the first-phase project of the industrial organic flexible electronic material park in the Wuzhen Big Data Industry Park through public bidding, with a winning amount of RMB 0.34 billion, further consolidating its market position. In the first half of the year, the group's market competitiveness was recognized by the industry, winning the title of 'Jiaxing Construction Industry Modernization General Contracting Demonstration Enterprise' and 'Zhejiang Province Construction Industry Advanced Enterprise' for the year 2023.