Other gains came in at RMB 17 million, an increase of 28% over the previous corresponding period. The increase was mainly due to returns from short-term investments and government bonds.
The group’s share of profits of associates was RMB 38 million, 1% lower over the corresponding period.
In light of the challenging economic conditions in recent years, the company plans to place greater emphasis on innovation and creation and focus on R&D.
Shares of Tianjin Zhongxin closed at 95 cents.
