A few days ago, Zhen Mingli issued a warning that it is expected to record a large loss in the year ending March this year.
The company stated that the loss was mainly due to the weak global demand and the fierce competition in the LED lighting industry. After preliminary discussions between the management and the independent auditors, it was decided to make substantial impairment losses on property, plant and equipment.
Attachment: Zhen Mingli Profit Warning
The company stated that the loss was mainly due to the weak global demand and the fierce competition in the LED lighting industry. After preliminary discussions between the management and the independent auditors, it was decided to make substantial impairment losses on property, plant and equipment.
Attachment: Zhen Mingli Profit Warning
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