Tailam Tech Construction Holdings Limited provides earnings guidance for the year ended 31 December 2021. The Group is expected to record a consolidated profit of approximately RMB 1.7 million for the year ended 31 December 2021 as compared to approximately RMB 14.6 million for the year ended 31 December 2020. The material decline in the financial performance of the Group was mainly due to (i) the credit tightening and restrictive policies in the property sector and production control measures under the strict implementation of Dual Control of Energy Consumption policy in China since September 2021 which suppressed the demands of the Group's products, (ii) the decrease in the gross profit margin, which was a result of drastic increase in the costs of raw materials and (iii) the provision of impairment of trade receivables.
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Mar. 27 | Tailam Tech Construction Holdings Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Mar. 12 | Tailam Tech Construction to Swing to 2023 Loss | MT |
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+105.28% | 7.38B |
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