Yunnei Power Expects Losses to Widen in H1; Shares Slump 5%
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Kunming Yunnei Power expects to incur a net loss attributable to shareholders of between 100 million yuan and 150 million yuan during the first half, according to a Shenzhen bourse filing on Monday. The Chinese diesel engine manufacturer's loss a year earlier was 99.8 million yuan. Loss per share will be between 0.052 yuan and 0.078 yuan, compared to 0.052 yuan a year earlier, the filing said. The company's shares dropped less than 5% during midday trade.
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