The Tiger Has Released Its Earnings: Losses Will Continue To Expand.
China service news, March 24th, China Tiger capital Issued supplementary notice of profit warning. Announcement shows that Tiger Group is based on the year ended December 31, 2019. Last The preliminary examination of the audited consolidated management accounts and the materials available to the board of directors are compared with the audited comprehensive loss of about 44139000 yuan for shareholders in 2018. It is expected that the audited consolidated losses of shareholders in 2019 will be increased by no less than 410%.
Prior to March 11th, the tiger issued a profit warning, indicating that its losses increased mainly due to:
1. the tiger group terminated the export trade business with a loss, and terminated its distribution relationship with the distributors whose records were not satisfactory, leading to a sharp decline in group earnings and gross margins.
The 2.2017 year acquisition of China's retail business is not satisfactory, and the loss of goodwill impairment.
3. recognised the impairment loss caused by potential construction projects.
Notice announcement, specific annual results announcement will be released before March 31st.
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