On August 23, 2021, 00359.HK announced that the Company expects to record a loss attributable to the owners of the Company of approximately RMB165 million for the six months ended 30 June 2021, compared with a loss of approximately RMB85 million for the same period last year. The expected increase in losses was mainly attributable to the increase in financial costs and increased borrowings from banks and others and the reduction in government subsidies and losses on the sale of certain productive plants and related equipment.
This article originated from Grand Gateway
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