Consumer Discretionary Jul 14, 2020 03:35 PM (GMT+8) · EqualOcean
According to an independent source, Gree released its financials for the first half of 2020, projecting an earning of 6.3-7.2 billion CNY, a 48% - 54% Year on Year decline. Limited sales and installment activities caused by COVID-19, decline in terminal market demand, and the Gree Dong Mingzhu stores'nationwide effort to promote new retail in 2020 were the main reasons for the declining financial performance.
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