Luthe Environment (688156.SH) released its semi-annual report on August 22nd. During the reporting period, the company achieved revenue of 145.3961 million yuan, a year-on-year increase of 16.21%; net income attributable to shareholders of listed companies was 1.5044 million yuan, a year-on-year decrease of 87.07%; net income attributable to shareholders of listed companies after deducting non-recurring gains and losses was 0.2522 million yuan, a year-on-year decrease of 97.24%.
During the reporting period, the company consistently focused on the main business of high-moisture waste resource utilization. With the steady release of production capacity after the commissioning of Jinsha Luthe, the effectiveness of previous customer development gradually appeared. The capacity utilization rate of the company's baijiu lees biological fermentation fodder business gradually increased, and the production and sales volume steadily increased. In addition, based on long-term high-quality strategic development planning, in order to ensure the efficiency of the company's capital utilization and avoid risks such as financing for the processing service business of river and lake sludge and accumulated bad debts of engineering accounts, the company actively abandoned the reception of environmental engineering new projects with longer expected payment period. The business structure of the company is accelerating its transformation and upgrading.
