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Oriental Garden (stock code: 002310) releases performance forecast for the first half of 2019,During the reporting period,The company’s expected net loss is 5.500 million yuan-7.500 million yuan,Profit in the 188bet year.6.4 billion yuan。
Reasons for performance losses,Announcement,Mainly due to changes in financial environment and industry policies,In addition, since the end of last year, a large amount of interest-bearing debt has been paid off intensively,The company took the initiative to shut down and transfer some PPP projects that were difficult to finance,Controlled the pace of investment,Reduced operational investment;In addition,Some operating environmentally friendly factories undergo technical renovation,No income was generated during the reporting period。While operating income decreases, expenses continue to occur,In particular, financial expenses increased compared with the 188bet year,And certain investment losses occurred from the disposal of assets during the reporting period。
Data display,Oriental Garden business field involves gardens、Environmental protection、Real Estate、Cultural 188bet, etc.,Comprehensive management of water environment、Industrial hazardous waste disposal and global 188bet are its three major sectors。Comprehensive water environment management and all-region 188bet business are mainly carried out through cooperation with local governments (PPP model),Industrial hazardous waste disposal is mainly through new construction、Mergers and acquisitions and other models to expand processing capabilities。May 21 last year,Oriental Garden announced that it planned to issue 1 billion yuan of corporate bonds but ultimately raised only 50 million yuan,Referred to by the market as “the most tragic debt issuance case”,The subsequent measures by various banks to force debts and withdraw loans have made the situation even worse for Oriental Gardens in trouble。
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