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Tianjin Saixiang Technology posts 16.47 million yuan of deficit

On August 23, Tianjin Saixiang Technology released its half year report of 2019.

The report said that the company posted 184 million yuan of sales revenue in the first half year of 2019, yearly increasing 29.41%, but 16.47 million yuan of net deficit. 

In the first half year of 2019, the company's operation cost yearly surged 36%, higher than 29.41% of sales revenue growth. 

Divided by subsidiaries, the comapny's main businesses like electromechanical engineer or electromechanical equipment are both in red, respectively lossing 2,796,000 yuan and 1,227,000 yuan. However, its subsidy working on small loan profited 1420,000 yuan.

The company predicted that it would post 15,086,600 yuan of net loss in the past nine months.