Shenzhen Stock Exchange, 8/25/10
Shenzhen-based handset manufacturer Kejian (000035.SZ) has announced its financial results for the first half of 2010, with operating revenue down 6.9% YoY to reach RMB 2.59 mln.
Net loss attributable to shareholders was RMB 12.83 mln, compared to RMB 13.59 mln in H1 2009.
According to the report, the bulk of Kejian's revenues are derived from rents, as primary business revenue has dropped to zero. Kejian recorded net losses for 2008 and 2009, and if its audited results for 2010 also show continuing losses, the company's stock may be suspended.