The net profit of Bull Group in the first half was 1.822 billion yuan, up 20.83% from the same period last year, and the new energy business soared by 195.21%.

According to CTOnews.com news on August 17, the Bulls Group today released its semi-annual report for 2023, with operating income of 7.592 billion yuan in the first half of the year, up 11.03 percent from the same period last year, and net profit of 1.822 billion yuan, up 20.83 percent from the same period last year. Basic earnings per share are 2.05 yuan. The main financial indicators attached to CTOnews.com are as follows:

According to the report, in the first half of the year, the income of the electric connection business of the Bull Group reached 3.677 billion yuan, an increase of 4.66 percent over the same period last year; the revenue of the intelligent electrical lighting business reached 3.771 billion yuan, an increase of 15.54 percent over the same period last year; and the revenue of the new energy business reached 131 million yuan, an increase of 195.21 percent over the same period last year.

During the reporting period, Bull Group focused on electrical connection, intelligent electrical lighting, new energy business.

Electrical connection products are mainly converters (that is, sockets), digital accessories, etc.

Intelligent electrical lighting products mainly include wall switches and sockets, LED lighting (intelligent headless lights), safety circuit breakers, intelligent Yuba, intelligent door locks, intelligent clothes dryers, intelligent curtain machines, etc.

New energy products are mainly new energy vehicle charging piles / guns, outdoor portable energy storage, etc.