*ST Velvet (000982): Loss In The First Half Of 500 Million - 550 Million
On July 13th, *ST Zhong Rong (000982) recently released its performance forecast for the first half of 2019, with a net loss of 550 million yuan, a 39.55% decrease over the same period last year.
According to the announcement, from January 1, 2019 to June 30, 2019, net profit attributable to shareholders of listed companies was 500 million yuan to 550 million yuan, a decrease of 26.86%-39.55% compared with the same period last year; a loss of basic earnings per share was 0.277 yuan / share - 0.305 yuan / share.
It is understood that during the reporting period, due to the deterioration of the company's overall business environment, the working capital was extremely scarce, raw material procurement was not timely, and the company's orders fell more than the same period last year, resulting in a larger increase in unit production costs and a continuous decline in gross profit margin compared with the same period last year, affecting the company's performance. During the reporting period, the company had a large overdue debt, interest on related debts and The penalty interest rate increased more than the same period last year, affecting the company's performance.
The data of the dig net show that *ST cashmere is mainly engaged in the production and sale of cashmere, wool, linen and its blended textiles.
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