Wushang Group said on an interactive platform on November 4 that the Nanchang Wushang Mall project is still in the normal market development stage, passenger flow and sales continue to improve, and losses are steadily narrowing. Negative net assets are mainly affected by depreciation and amortization of property assets. There are no actual cash outflows from the current period, and there is no loss of state-owned assets. The company has formulated and implemented a series of efficiency improvement measures, making every effort to reduce losses and increase efficiency.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.