Sapphire Maker Roshow Technology Net Profit Plunges in 2014

Chinese sapphire manufacturer Roshow Technology reported plummeting net profits in 2014, according to a company announcement on Jan. 29, 2015.

The company has projected a net loss of RMB 32 million to RMB 38 million, tumbling 183.97% to 199.71% Year-on-Year.

The company attributed the sharp revenue decline to the general economic situation, upticks in manufacturing costs, and longer periods for accounts receivable. The company has been trying to transform its business model, but its sales have since dropped. Furthermore, company investments have been ineffective, leading to rising costs.

The company has completed constructions for its joint venture with Biel Roshow Sapphire company. Roshow Technology has finished installing 200 sapphire growth furnaces at the end of 2014, and is currently testing the new equipment, while pilot manufacturing projects have been operating at the new site since January 2015.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<

Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.