[ET Net News Agency, 20 August 2021] China Shenghai Group Limited (01676) said the
group is expected to record a loss of approximately RMB30 million for the six months ended
30 June 2021 as compared to the loss of approximately RMB15 million recorded for the six
months ended 30 June 2020.
Such loss was mainly attributable to the decrease in sales volume and profit margin of
the products of the group as the COVID-19 pandemic continued and the increase in
administrative expenses during the period. (RC)