*St Zhongrong ((000982): Expected Net Profit Of 7-8 Million Yuan In The First Half Of The Year
According to the news on July 13, * ST Zhongrong (000982) released the semi annual performance forecast for 2020: last year, it is expected to make a profit of 7 million to 8 million yuan, and a loss of 577 million yuan in the same period of last year, turning the deficit into profit compared with the same period of last year.
The announcement shows that the reasons for the performance change are as follows:
With the completion of the company's restructuring in 2019, the company's asset light operation in the reporting period has significantly reduced the relevant costs compared with the same period, which has a positive impact on the company's performance.
During the reporting period, the company strengthened the collection of receivables, and the provision for impairment of receivables that was tested separately at the beginning of the period was transferred back to 9.3026 million yuan, and the profit in the reporting period was increased by 9.3026 million yuan.
Data shows that * ST medium cashmere mainly produces and sells cashmere, wool, flax and their blended textiles.
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