Page 41 of the Annual Report spells out some of the current problems. If the company is able to resolve some of these preblems then it will move forward. I am corcerned that when they issue the results for the first quarter that ended March 31 the numbers might be bad and shareholders will react without evaluating the positive side of this company.
The above environmental factors negatively affected our gross profit margin from both cost and sales price perspectives, creating a gross loss. To counter the current difficulties, we have undertaken a series of measures, including purchasing soybeans with higher water content (which may be cheaper), implementing strict cost-saving policies, lowering production capacity utilization ratio, granting many employees temporary non-paid vacations.
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