Net profit loss of Conch New Material in the first half of 2023: 4.5 – 2.5 million

Recently, Conch (Anhui) Energy Conservation and Environmental Protection New Materials Co., Ltd. issued a semi-annual performance forecast for 2023. The net profit loss attributable to shareholders of listed companies was 4.5 million yuan to 2.5 million yuan, compared with a loss of 8.0095 million yuan in the same period last year. Net profit loss after deduction of non-recurring profit and loss was RMB30 million to RMB20 million, compared with a loss of RMB21.7508 million for the same period last year. The main reason for the loss of operating results of the

Company in the first half of 2023: in the first half of the year, the Company continued to expand diversified products such as aluminum products, doors and windows, furniture plates, accelerated the layout of SCR denitrification catalyst industry, grasped the operation of environmental protection new materials industry, and achieved a year-on-year increase in sales revenue, but affected by the real estate market situation and market competition. Sales of plastic profiles declined year-on-year, and the company's performance in the first half of the year was still a loss. In the first half of 2023, the total amount of non-recurring profit and loss was approximately RMB17.5 million to RMB25.5 million, mainly consisting of government subsidies and investment income. In the first half of 2022, the amount of non-recurring profit and loss was RMB13.7413 million.