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Benzinga
Benzinga
World
The Bamboo Works

UNBELIEVABLE: China transmission swings to loss after shifting business gears | History Defined

Key Takeaways:

  • The company reported a year-on-year revenue fall of just under 9% in the first half and posted a net loss of 78.7 million yuan
  • With rising receivables in its commodity trading business, the company needed to borrow more to bolster liquidity, swelling its total liability by nearly 42% in six months to 22.46 billion yuan and almost doubling its financial costs
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