Guolian Enjoys a Revenue Increase; Development Projects Reduce Net Profits
According to a performance report Guolian released this month, the company’s revenue has risen by 13.75% to reach about 2.49 billion yuan ($347.8 million USD) during the first half of 2019 compared with the same period last year. Though its net profit attributable to shareholders has plummeted by 93.58% to around 10.76 million yuan ($1.5 million USD) due to the company’s greater investment in development and expansion, both the company and shareholders will likely benefit from such investments in the long run.
The company has spent much effort developing...
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