Reto Eco Solutions Inc Stock Price, News & Analysis

ReTo Eco-Solutions, Inc. (NASDAQ: RETO) announced a significant procurement contract between its subsidiary, Beijing REIT Technology Development Co., Ltd., and Huayuan Chuangshi Industrial Intelligent Technology Co. Ltd. This deal involves the export of two RT10 fully automated block production lines for producing environmentally friendly building materials from steel slag. The contract marks a milestone in expanding ReTo's global presence in sustainable construction. CEO Li Hengfang emphasized the company's commitment to meeting diverse customer needs through innovative technology and high-quality services in the eco-friendly sector.

ReTo Eco-Solutions, Inc. (Nasdaq: RETO) announced that its subsidiary, Beijing REIT Technology Development, has won a bid to supply block-making machines for a real estate project in Beijing by Zhongjian Yipin Property Management. The contract includes the mobile RT6 block machine production line designed for recycling construction waste. Chairman and CEO Hengfang Li emphasized the company's commitment to innovation and environmental protection. Founded in 1999, ReTo focuses on eco-friendly construction materials and solutions in China, promoting sustainable development through advanced technology.

ReTo Eco-Solutions, Inc. (Nasdaq: RETO) has announced a contract through its subsidiary, Beijing REIT Technology Development Co., Ltd., to supply two RT10 Block Production Lines to Jilin Jiada Municipal Landscape Engineering Co. in Jilin Province, China. The RT10 model, developed using specialized technologies, caters to diverse production needs while ensuring quality and efficiency. CEO Hengfang Li stated that these machines will produce environmentally friendly materials, aligning with the company's eco-centric mission. ReTo aims to support urban development and modernization in Jilin, contributing to the integration of comprehensive facilities.

ReTo Eco-Solutions, Inc. (Nasdaq: RETO) announced a joint venture with Hainan Yonghuiju Technology Co. to develop an internet of things and logistics platform. This partnership aims to digitalize logistics and enhance the supply chain for fresh fruit distribution in China. Yangpu Fangyuyuan will provide supply chain financing and digitalization services, while Hainan Yonghuiju will leverage its logistics experience. The agreement is expected to optimize logistics operations and build a scalable delivery network. ReTo's CEO emphasized the importance of this venture in advancing digitalization in logistics, aiming to expand their service network in China.

ReTo Eco-Solutions, Inc. (Nasdaq: RETO) announced that its subsidiary, REIT Ecological Technology Co., Ltd., won the bid for the Ordos solid waste recycling and land rehabilitation project in China. The project aims to recycle 13 million tons of coal gangue annually, producing 650,000 tons of materials like low-quality coal and bricks over a 15-year operational period. Construction will take three years, focusing on ecological protection and sustainable development in the Yellow River Basin. The EOD Project aims to rehabilitate 150,000 mu of degraded land and support local agriculture and employment.

ReTo Eco-Solutions, Inc. (Nasdaq: RETO) received a Notification Letter from Nasdaq on December 1, 2022, granting the company an additional 180 days, until May 30, 2023, to meet the minimum bid price requirement of $1.00 per share. This determination came as ReTo complied with other listing criteria. The company may consider a reverse share split to regain compliance. ReTo focuses on environmentally friendly construction materials and urban ecological protection projects in China.

ReTo Eco-Solutions, Inc. (Nasdaq: RETO) announced the completion of the BMW-sponsored ecological bird observatory project in Liaoning Province, China. Awarded a RMB1.5 million contract by China Green Foundation, the project aims to enhance biodiversity education and support the Liaohekou National Nature Reserve. The observatory features facilities for bird observation and public education on ecological protection. CEO Hengfang Li emphasized ReTo's commitment to environmental sustainability and advanced technologies to improve ecology.

ReTo Eco-Solutions, Inc. (Nasdaq: RETO) reported unaudited financial results for the first half of 2022, showcasing a revenue increase of 64.7% to approximately $2.9 million, driven by higher machinery sales and contributions from newly acquired businesses. Gross profit surged 217.8% to around $0.4 million, improving gross profit margin to 13%. However, the company still recorded a net loss of $5.8 million, lower than the $8.9 million loss in the previous year. Increased operational costs, including a spike in general and administrative expenses, remain a concern for investors.

ReTo Eco-Solutions, Inc. (Nasdaq: RETO) announced that its subsidiary, REIT Ecological Technology Co., Ltd., won a bid for the Longxi County Comprehensive Land Management and Logistics Zone EOD Project in Gansu Province, China. This project has a total investment of RMB1.318 billion (approximately $195.02 million) and is expected to yield an annualized return of 12% over three years. The project includes land reclamation, rural road construction, and infrastructure development across 60,000 mu of land.