On August 31, Guangdong Red Wall New Materials Co., Ltd. released its annual report for 2023. The
report shows that the operating income of Red Wall in the first half of 2023 was 386 million yuan, down 15.17% year-on-year; the net profit attributable to shareholders of listed companies was 51.2336 million yuan, up 35.91% year-on-year; As at the end of the reporting period, the total assets of Red Wall was RMB2.028 billion, representing a year-on-year increase of 1.02%.