Cost of revenues fell Q1 net profit pre shift Alto

Alto announced first quarter results notice, expected loss in the first quarter, net profit range of -280 million yuan to 1 million 200 thousand yuan, the same period last year net profit of 14 million 940 thousand yuan.

According to the announcement, the first quarter of 2015, the main reason for the change in performance for the company's sales revenue decreased, as well as the company's manufacturing base in Huizhou put into operation, rising operating costs.

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