Shanghai Qingpu Fire-Fighting Equipment Co., Ltd. Provides Loss Guidance for the Nine Months Ended September 30, 2019
October 20, 2019 at 07:44 pm EDT
Shanghai Qingpu Fire-Fighting Equipment Co., Ltd. announced that the quarterly results of the Group (i.e. the Company together with its subsidiaries) for the nine months ended 30 September 2019 are expected to worsen from the loss attributable to owners of the Group of approximately RMB 2,567,000 for the nine months ended 30 September 2018 into a loss attributable to owners of the Group of approximately RMB 4,600,000. The gross margin of the Group decreased by approximately 5% points from 23% for the nine months ended 30 September 2018 to 18% for the nine months ended 30 September 2019.