from foreign exchange. On a QoQ basis, total revenues dropped 56% with a decrease in net profit of 62%, as there was a (non- recurring revenue) recognition of the 50-year lease upfront payment of a
inevitably affected the Company’s operating revenue. In addition, the Company had invested in renovating its long overdue hotels to enhance competitive edge in the market. Moreover, the economic slowdown and
volume. The sales volume and prices were also severely impacted by continued weakening of international market for flat products. The Company is now gradually regaining its customer back and increasing its
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