Zhongsheng High-tech Environmental swings to 47m yuan profit

Jiangsu Zhongsheng High-tech Environmental expects net profit of 47m yuan for the first half of 2025, compared to a 17m yuan loss in the same period last year.

The turnaround stems from divesting 100% equity in subsidiary Zhongsheng New Material Technology to Suzhou Longxiang Investment Partnership for 48m yuan, generating substantial investment income.

However, the environmental protection segment reported lower engineering settlement income, resulting in negative net profit after excluding non-recurring gains.