[ET Net News Agency, 12 August 2019] Evergrande Health Industry Group Limited (00708)
said the group is expected to record a net loss for the six months ended 30 June 2019 of
RMB2 billion, whereas the net profit of the group for the six months ended 30 June 2018
was RMB200 million.
The net loss is primarily attributable to the development of the new energy vehicle
business, which is in its early investment stage and resulted in an increase in research
and development and other related costs and interest payments. (RC)