The most popular Meili Paper industry suffered a l

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The gross profit margin of Meili Paper decreased in the first three quarters and the loss was expected to be more than 100 million

yesterday, Meili Paper released the performance forecast for the third quarter of 2011 based on relevant technical parameters. Its net profit in the first three quarters before configuring the corresponding pendulum is expected to be a loss of about 102million yuan, but the basic earnings per share is about -0.32 yuan

Meili paper believes that during the reporting period, due to the rise in the price of raw materials, the increase in production costs exceeded the increase in sales prices, resulting in a decline in gross profit margin. At the same time, it helped "made in China 2025". Due to the increase of interest bearing liabilities and the increase of national loan interest rate in the current period, the financial expenses increased

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