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PR Newswire
09-01-2013, 11:11 PM
The Board expects the Group to report a significant drop in revenue and a loss for 4Q 2012, which
is attributable to the following:
(i) The continuing sluggish demand for high-grade textile products, including both apparel and
umbrella products, has resulted in increasing price pressure from the customers on the
Group’s products;
(ii) The shift in the existing production facilities from the current factory site to the new
production facility of the Company’s subsidiary, Fulian Knitting Co., Ltd, which commenced in
December 2012 has significantly affected the Group’s production; and
(iii) The disposal of old and outdated machine
is attributable to the following:
(i) The continuing sluggish demand for high-grade textile products, including both apparel and
umbrella products, has resulted in increasing price pressure from the customers on the
Group’s products;
(ii) The shift in the existing production facilities from the current factory site to the new
production facility of the Company’s subsidiary, Fulian Knitting Co., Ltd, which commenced in
December 2012 has significantly affected the Group’s production; and
(iii) The disposal of old and outdated machine