[ET Net News Agency, 18 June 2021] Sun.King Technology Group Limited (00580) said it is
expected that the group will record a loss for the six months ending 30 June 2021 as
compared to a profit for the six months ended 30 June 2020.
The expected loss was mainly attributable to (a) the research and development costs
incurred in the insulated gate bipolar transistor (IGBT) projects; (b) the decrease in
orders in the power transmission and distribution sector; and (c) the decrease in gross
profit margin of the group's products as compared to the corresponding period in 2020.
(RC)