Sharing Economy International Reports Second Quarter 2018 Results
SHARING ECONOMY INTL INC (SEII)
US:NASDAQ Investor Relations:
prnewswire.com/news-releases/sharing-economy-internationals-chairman-issues-open-letter-to-shareholders-300596864.html
Company Research
Source: PR Newswire
WUXI, China, Aug. 10, 2018 /PRNewswire/ -- Sharing Economy International Inc. ("SEII" or "the Company") (SEII), a clean technology and sharing economy company that designs, manufactures and distributes of proprietary high and low temperature dyeing and finishing machinery to the textile industry, and is engaged in the development of sharing economy platforms and rental related businesses, today announced its financial results for quarter ended June 30, 2018."During the second quarter of 2018, our dyeing and finishing business continued to feel the impact of the persistent lack of credit availability for textile manufacturers in China, resulting in slower sales and negative margins. Given the challenging conditions in China, we continued to move forward with building our sharing economy business units during the quarter and look forward to seeing strong momentum in the back half of the year," said Mr. Jianhua Wu, Chairman and CEO of SEII. "The sharing economy has changed the way we lo
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