On the evening of August 30, Luen Mei Holding released the semi-annual report of 2022. In the first half of the year, the company earned the operating income of RMB 1.943 billion, with a year-on-year growth rate of 2.81%. The year-on-year growth of the company's operating income in the first half of the year was mainly thanks to the continuous growth of the company's heat supply area and the operation of Shandong Fulin Heating Power Project.

With the heat supply season approaching, the rise in natural gas price has impacted the lives of European people, and the demand for heating equipment in Europe has increased dramatically. Europe continued to increase orders for heat pump products, driving the export volume of domestic heat pump products to rise significantly. The heat pump concept stocks performed well on the market this week.​Industrial insiders pointed out that Luen Mei Holding, a leading A-share heating enterprise, has the first-mover advantage in heat pump applications, especially in heating scenario applications.

Recently, the "3rd China Clean Heating Industry Summit" organized by the Clean Heating Industry Committee (CHIC) of China Association of Building Energy Efficiency was successfully held in Beijing. With the theme of "Focusing on the guidance of dual carbon goals and accelerating the transformation of clean heating", the Summit officially released the Industrial Development Report of China’s Clean Heat Supply (2022) (hereinafter referred to as the Report). The clean heat supply project of Luen Mei Quantum (600167.SH) with multiple-energy complementation clean heat supply project was included in the Report as a typical case of clean heat supply.

Luen Mei Quantum (600167.SH) won the honorary title of "2021-2022 Excellent Heating Unit", and its subordinate enterprises and employees also won honorary titles in providing heating services, handling appeals and providing emergency heating. This is a tribute to the affirmation of governments at all levels of Luen Mei Quantum for guaranteeing people's livelihood and heating, and also the recognition from Luen Mei Quantum’s users for its considerate heating services.

As one of the first biomass enterprises to achieve combined heat and power generation in China, Jiangsu Luen Mei Bioenergy Co., Ltd (hereinafter referred to as "Luen Mei Bioenergy"), a subsidiary of Luen Mei Quantum (600167.SH), has improved the comprehensive utilization efficiency of residues by continuously innovating biomass-based energy utilization technology to use agricultural and forestry biomass in large scale adopting a more industrialized, intensive and intelligent approach.