Snowet announced the three quarterly report, net profit loss and down three times over the same period.

Yesterday (18) evening, snow lett announced the disclosure of the third quarter 2018 report, the performance plummeted over three times, while snow lett expects 2018 annual performance loss.

The report shows that the company achieved a revenue of 181154465.66 yuan in the third quarter, down 27.85% from the same period last year, and a net loss of 38960332.06 yuan attributable to shareholders of listed companies, a sharp drop of 353.67% compared to the same period last year.

Revenue in the first three quarters was 536398003.09 yuan, down 23.74% compared to the same period last year. Net profit attributable to shareholders of listed companies was 55153617.73 yuan, down 281.75% from the same period last year.

Main financial indicators (source: snow lett three quarterly)

In addition, snow lett expects 2018 annual performance loss of 70 million yuan to 90 million yuan, the reasons for the performance change are: affected by the tension of working capital, some business of the company is affected, and the operating income decreases more obviously. Secondly, the company's financing costs continue to rise, and financial costs increase considerably. In addition, according to the "enterprise accounting standards", the company made provision for impairment of assets in 2018.

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