FRKJ's net profit in the first half of the year fell by 60% year-on-year. The Secretary of the Board stated that this was mainly due to losses from subsidiaries

On the evening of August 26, a reporter called FRKJ as an investor regarding the significant decline in the company's net profit in the first half of the year. The company's secretary, Huang Wei, stated that this was mainly due to losses from its subsidiary engaged in new energy. "The subsidiary just started production in the second half of last year, and it is in a process where both production and sales are gradually increasing, so there are losses, but it has already turned a profit in July. These two subsidiaries should perform better in the second half of the year than in the first half," Huang Wei added