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【盈喜】信阳毛尖(00362.HK)料6个月综合溢利净额大幅改善

[Yingxi] Xinyang Maojian Tea (00362.HK) expects a substantial improvement in net consolidated profit in six months.

財華社 ·  Jan 11, 2022 23:50

[Caihua Social News] Xinyang Maojian Tea (00362.HK) announced that compared with the unaudited consolidated net loss for the same period in 2020, the Group is expected to record a significant improvement in unaudited consolidated net profit for the six months ended December 31, 2021. For the six months ended 31 December 2021, the Group will record a positive net profit attributable to equity holders. The improvements are mainly due to (I) the profit contribution of Heihe Longjiang Chemical Co., Ltd. to the Group after the resumption of production; and (ii) the forfeiture of the payment proceeds from the sale of 40% of the equity interest in a subsidiary.

Production of Heihe Longjiang River has been suspended since the beginning of 2019. Until early 2021, structural changes have taken place in the calcium carbide market, while Heihe Longjiang has introduced automated production procedures and improved raw material use formulations to reduce production losses and improve production efficiency. It has officially resumed production since mid-2021 and began to provide profit contribution to the group.

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