Weiqiao Textile Product Sales Expected To Decline Year On Year
Weiqiao textile (02698) announced that the medium-term performance of the group in the six months up to June 30, 2020 will be significantly lower than that in the same period of 2019. The main reason is that in the first half of 2020, due to the negative impact of global public health events, the domestic and foreign textile markets continue to be weak, resulting in the overall decline in the demand for textiles. The sales volume of cotton textile products of the group decreased year-on-year, and the sales price In the first half of 2020, the group's electricity business remained profitable, but under the impact of public health events, electricity sales decreased year on year.
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