Brief: China Technology Solar Power Sees FY Loss Attributable Of About RMB17 Mln

China Technology Industry

08/05/2020 14:20

May 8 (Reuters) - China Technology Industry Group Ltd
 8111.HK :
    * CHINA TECHNOLOGY SOLAR POWER SEES LOSS ATTRIBUTABLE FOR FY
2020
OF ABOUT RMB17 MILLION
    * EXPECTS TO RECORD A REVENUE OF RMB79.1 MILLION FOR FY DOWN
51.4%
    * GROSS PROFIT MARGIN EXPECTED TO DROP FROM 21.9% FOR FY
2019 TO
ABOUT 11.7% FOR FY 2020
    * EXPECTED IMPROVEMENT IN LOSS DUE TO ABSENCE OF IMPAIRMENT
LOSS
ON GOODWILL FOR FY 2020 VERSUS 2019
    * UNIT ENTERED SUPPLY CONTRACT WITH A PRC STATE- OWNED
ENTITY
    * UNIT TO SELL MOUNTING REQUIRED UNDER A CONSTRUCTION
PROJECT OF A
SOLAR PHOTOVOLTAIC POWER STATION
    * DEAL AT A CONSIDERATION OF ABOUT RMB65.8 MILLION FOR
SUPPLY
CONTRACT

Source text for Eikon:  urn:newsml:reuters.com:*:nHKSbYX2Mg
Further company coverage:  8111.HK 

 (Reuters.Briefs@thomsonreuters.com)