Elec-Tech is expected in the fourth quarter operating loss of about 100 million yuan

A few days ago Elec-Tech announced plans 190 million yuan resale of assets (a subsidiary of BDO International Lighting (Hongkong) Photoelectric Technology Co., Ltd. 100% stake) and China, lead to the Shenzhen Stock Exchange inquiry. The company issued a letter of inquiry on the 20 day of the disclosure, is expected to produce a loss of about $100 million in the fourth quarter.

According to the reply announcements, which Elec-Tech business, export business income accounted for the total business income of the company more than half. The fourth quarter by Europe and America and so on many Thanksgiving and Christmas holidays, belonging to the company's sales season; the other since the second half of this year devaluation by a big margin, the client which requires the corresponding price adjustment, the company product gross margin is affected to a certain extent. After preliminary accounting, the company expects fourth quarter operating loss of about $100 million.

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