01382.HK: Panyu Factory Production Level Increased To More Than 80%.

Mutual textiles (01382) announced that following the resumption of operation in Guangdong Panyu factory in February 12th this year, workers gradually returned to their original jobs. As the number of workers returning to work has increased, the production level of the Panyu plant has increased from 40% of its original level to more than 80%.

The company said that it was estimated that the short production and production gap lasting three weeks before the resumption of production would have a temporary impact on the overall production level of the group. Based on the information available to the board of directors and the preliminary assessment of the financial impact of short term discontinued production, the estimated sales revenue will be reduced by about 400 million to 450 million yuan compared with the original production plan before the Lunar New Year holiday.