Moon Environment reports 20% profit drop, appoints new director

Moon Environment Technology reported net profit attributable to shareholders fell 19.71% to 265.8 million yuan in its semi-annual results. Total assets decreased 1.90% to 11.6 billion yuan.

The company appointed He Yan as a new director and nominated Chu Hangzheng for a board position pending shareholder approval. The board also approved changes to its strategic, audit and remuneration committees.