Brief: Baofeng Modern International Says HY Gross Profit Margin Expected To Reduce To About 12.5%

Golden Solar New Energy Technology Holdings

29/07/2020 11:13

July 29 (Reuters) - Baofeng Modern International Holdings
Company Ltd  1121.HK :
    * GROSS PROFIT MARGIN EXPECTED TO REDUCE TO ABOUT 12.5% FOR
SIX
MONTHS
    * SIX MONTHS SALES OF GROUP ABOUT RMB48.2 MILLION, DOWN
51.7%
    * EXPECTS THAT DELAYED CUSTOMER ORDERS IN H1 OF THIS YEAR
WILL
GRADUALLY RESUME IN H2 OF THE YEAR
    * BOTH DOMESTIC AND EXPORT SALES IN JULY AND AUGUST ARE
EXPECTED
TO INCREASE YEAR-ON- YEAR

Source text for Eikon:  urn:newsml:reuters.com:*:nHKSb7XTLx
Further company coverage:  1121.HK 

 ((Reuters.Briefs@thomsonreuters.com;))