CONCH VENTURE (00586) announced its interim results for the six months ended June 30, 2025. The group achieved revenue of RMB 30.86 billion, down 1.55% year-on-year. Profit attributable to equity shareholders reached RMB 12.86 billion, representing a 9.33% increase compared to the same period last year. Basic earnings per share stood at RMB 0.76. The company proposed an interim dividend of HK$0.1 per share.

According to the announcement, during the reporting period, the group's revenue declined due to fewer waste disposal projects under construction and reduced orders for energy-saving equipment.

Breaking down by business segments: waste disposal revenue decreased 7.01% year-on-year, mainly due to fewer projects under construction, resulting in lower construction-period revenue. Energy-saving equipment revenue fell 22.26% year-on-year, primarily affected by reduced orders for energy-saving equipment business. New building materials revenue dropped 1.53% year-on-year, mainly due to market impact leading to price declines. New energy business revenue surged 191.65% year-on-year, primarily as the group actively expanded its market presence, driving rapid revenue growth. Port logistics revenue increased 1.87% year-on-year, mainly due to active expansion of cargo sources and increased throughput, leading to revenue growth.