[Caihua News] Fulin Group Holdings (01443-HK) announced that it expects to record pre-tax losses in the medium term until September 31, 2019. The profit attributable to shareholders for the same period last year was 12.693 million yuan.

The company pointed out that the mid-term transcription loss before tax was mainly due to the continued downturn in the social environment and climate, which led to a more cautious consumer attitude among the general public. Furthermore, based on information currently available, and comparing last year and the four months ending at the end of July this year, the company found a decrease in earnings of about 13%, a decrease in gross margin, an increase in the rent-to-income ratio, and an increase in the salary-to-earnings ratio.

Fulin will announce its interim results in November.

At the beginning of this month, it was reported that all restaurants under the Fulin Group were about to “run the rules” on the discussion board. Its spokesperson said that the group is operating as usual, and online rumors are malicious slander. The group will work hard to improve quality, increase competitiveness, and create better returns for shareholders in the long term, and reiterated that it will never support, participate, or encourage any acts of violence or harm to citizens.