Shanghai Prime Machinery Foresees Mid-term Profit Loss

        Shanghai Prime Machinery (SPM) foresees a consolidated net loss of RMB 30 to 40 million for the first six months of 2020. The company says that the COVID-19 escalating into a global pandemic has urged governments from around the world to enforce various measures which put a temporary stop to the manufacturing facilities of most SPM's automotive clients, especially those in China and Europe. SPM foresees a substantial loss in fastener business in the first half of 2020 due to the resulting slump of fastener production and sales. Furthermore, an additional non-recurring restructuring cost of around RMB11 million was generated from SPM for shutting down a factory in Berlin. SPM announced in November 2019 to close the factory, which is expected to shut down completely in the 3rd quarter of 2020.

Shanghai Prime Machinery

net loss

H1 2020

上海集優

淨虧損

2020上半

扣件

國際展會

惠達雜誌

匯達實業

外銷媒合

廣告刊登

螺絲五金

五金工具

紧固件

台灣扣件展

印度新德里螺絲展

越南河內螺絲展

墨西哥瓜達拉哈拉螺絲展

美國拉斯維加斯螺絲暨機械設備展

波蘭克拉科夫螺絲展

義大利米蘭螺絲展

德國司徒加特螺絲展

wire Dusseldorf

FASTENER FAIR INDIA

FASTENER FAIR VIETNAM

FASTENER FAIR MEXICO

FASTENER POLAND

FASTENER FAIR ITALY

FASTENER FAIR GLOBAL

FASTENER WORLD

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