Yashowei: Expected net profit of 14.6 million yuan in the first half of the year, turning profitable year-on-year.

As of the end of June this year, Yashiwei expects to record a net profit of approximately 14.6 million yuan for the six months, compared to a net loss of approximately 7.6 million yuan in the same period last year. The board of directors believes that the turnaround from a net loss to a net profit is mainly due to the improvement in operating performance after terminating underperforming projects; reduction in franchise fees of certain projects; and improvement in cost control strategies.