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Busen Shares Litigation Under Repair 2018 Performance Notice: Loss Of About 200 Million Yuan
Busen shares announced today evening, the company expects net profit in 2018 to -1.85 billion to -1.98 billion, down 447% to 486% over the same period.
Prior to this, Busen shares forecast net profit of 2018 -200 to -500 million, down 94.08% to 114.79% over the same period.
Regarding the reasons for the amendment, Busen shares said that the 3 lawsuit involving the company has not yet been decided. Based on the principle of prudence, the company has proposed corresponding liabilities for the litigation.
In addition, the company's performance is also negatively affected by the macroeconomic and apparel industry level.
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