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Shanghai Qingpu fire(08115) released its third quarter results for the nine months ending September 30, 2022. The group achieved revenue of 44.974 million yuan (RMB, same below) during the period, a year-over-year decline in the 15.48%; profit attributable to shareholders was 715,000 yuan, a year-on-year decrease of 98.55%, basic earnings per share was 0.38 cents.
According to the announcement, the decline in revenues is mainly due to the forced lockdown in Shanghai, China, along with the Group’s Shanghai offices and plants from late April 2022 to June 2022, as part of a system to curb the growing number. of new cases of coronavirus; The Recovery and Reinvigoration Action Plan, which provides rental subsidies for tenants, has resulted in a decrease in rental income.
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