Zhejiang Tengy Forecasts Strong Profit Growth

Zhejiang Tengy Environmental Technology Co., Ltd. Class H (HK:1527) has released an update.

Zhejiang Tengy Environmental Technology Co., Ltd. has issued a positive profit alert, announcing an expected net profit increase of 115.14% to RMB 14.78 million for the first half of 2024, compared to the same period last year. The significant rise is attributed to higher gross profit margins and lower raw material costs. Investors are cautioned that these preliminary figures are based on unaudited accounts and subject to change upon final review.

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