Yueda investment said the company will not become ST this year.

        On November 16, Yueda Investment said on the interactive platform that the company's business analysis in recent years has been disclosed in regular reports. In the past five years, Yueda textile business has gradually improved from a loss of 89,056 million yuan in 2015 to a profit of 11.3083 million yuan in 2019. Yueda special purpose Vehicle entered the company in 2018. Yueda Special Purpose Vehicle Company is making use of yueda Intelligent Rural Clothing Company's capacity to expand production and play a collaborative role. Dongfeng Yueda Kia has been greatly affected by related events and the industry downturn, and the company is making efforts to improve. The company will not become ST because of this year's operating conditions.

          Dongfeng Yueda Kia has introduced to Caijing Automobile that Dongfeng Yueda Kia is a sino-foreign passenger vehicle manufacturing enterprise jointly established by Dongfeng Motor Company, Yueda Investment and Kia Automatics Co., Ltd. of South Korea according to the shareholding structure of 25% : 25% : 50%.

         Dongfeng Yueda Kia once led the overall performance of Yueda Investment to grow significantly, and now it has failed to contribute to yueda Investment income for many consecutive years.

          According to the semi-annual report of 2020 released by Yueda Investment recently, in the first half of this year, the company realized an operating income of 1.025 billion yuan, down 21.10% year on year. Realized the net profit attributable to shareholders of the listed company - 347 million yuan, compared with the same period last year from profit to loss.

         On October 23, Yueda Investment released the third quarter report of 2020, the announcement showed that the revenue from January to September 2020 reached 1,953,531,162.61 yuan, a year-on-year growth of 2%. Net profit loss attributable to shareholders of the listed company was -384,028,635.09 yuan, representing a year-on-year change from profit to loss.

        Dongfeng Yueda Kia posted a first-half loss of 1.072 billion yuan, compared with a full-year loss of 1.299 billion yuan last year.

       Dongfeng Yueda Kia officially announced that its total sales volume in October reached 26,484 units, up 8.1% from a year earlier. Dongfeng Yueda Kia has achieved steady growth for seven consecutive months this year, and the overall company's operating revenue also increased 27.2% year on year.