ReTo Eco-Solutions reported a 49% increase in total revenue to $1.8 million for H1 2024, driven by growth in technological consulting and other services. Gross profit surged 506% to $0.6 million, with gross margin expanding to 31% from 8% in H1 2023.Net loss narrowed significantly to $0.7 million from $11.6 million year-over-year, aided by reduced operating expenses and other income. The company's cash position improved to $1.6 million as of June 30, 2024.Despite progress, management noted substantial doubt about ReTo's ability to continue as a going concern, citing working capital constraints and outstanding loans. The company is exploring options to improve liquidity, including cash flow from operations, bank loan renewals, related-party borrowings, and potential equity financing.

ReTo Eco-Solutions reported a 49% increase in total revenue to $1.8 million for H1 2024, driven by growth in technological consulting and other services. Gross profit surged 506% to $0.6 million, with gross margin expanding to 31% from 8% in H1 2023.Net loss narrowed significantly to $0.7 million from $11.6 million year-over-year, aided by reduced operating expenses and other income. The company's cash position improved to $1.6 million as of June 30, 2024.Despite progress, management noted substantial doubt about ReTo's ability to continue as a going concern, citing working capital constraints and outstanding loans. The company is exploring options to improve liquidity, including cash flow from operations, bank loan renewals, related-party borrowings, and potential equity financing.