Jul 14, 2021 08:18 PM (GMT+8) · EqualOcean
Jinglan technology announced that the company expects to achieve net profit attributable to shareholders of listed companies from January to June 2021 to be a loss of 200 million yuan to 300 million yuan, compared with a loss of 294 million yuan in the same period of last year. The holding subsidiary of the company, Jinglan Muhe water saving equipment Co., Ltd., has lagged behind in the stage collection of some projects under construction, the acceptance and settlement of completed projects, and the recovery of accounts receivable; Jinglan North Garden (Tianjin) Co., Ltd., the holding subsidiary of the company, is now transforming its business with cash flow as its lifeline. It has adopted the business strategy of stopping the investment and construction of PPP projects and clearing accounts receivable as its core, resulting in reduced operating revenue and loss.