Genew Technologies (688418.SH): net income of 77.288 million yuan in the first half of the year, reversing losses from the same period last year.

Gelonghui Finance · Aug 20 19:28

Genew Technologies (688418.SH) announced that during the reporting period, the company achieved revenue of 375.7669 million yuan, an increase of 16.17% compared to the same period last year; and achieved a net income of 7.7288 million yuan attributable to the owners of the parent company, turning a loss into a profit compared to the same period last year. The main reasons for the change in the company's operation are as follows: during the reporting period, the company saw a continuous increase in domestic and foreign delivery and acceptance projects, with steady growth in revenue from core network systems, smart networks, and smart emergency systems, and an increase in gross margin of delivery projects. At the same time, the company focused on cost control, strengthening management of sales expenses, administrative expenses, and research and development expenses, resulting in a small increase in operating expenses. On the other hand, the company enhanced its collection management, with an increase in sales collections during the same period, a reduction in expected credit impairment losses compared to the same period last year, resulting in a turnaround in net income attributable to the owners of the parent company and net income attributable to the owners of the parent company after deducting non-recurring gains and losses compared to the same period last year.

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震有科技(688418.SH)：上半年净利润772.88万元 同比扭亏为盈

Genew Technologies (688418.SH): net income of 77.288 million yuan in the first half of the year, reversing losses from the same period last year.

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震有科技(688418.SH)：上半年净利润772.88万元同比扭亏为盈