Jewelry Firm Apologizes for Unforeseen Market Shifts Impacting Solar Venture

Deep News05-14 13:50

“The company’s investment in photovoltaics was originally intended to strengthen the listed company, but market changes have far exceeded expectations, placing pressure on the photovoltaic business. We sincerely apologize to investors.” On May 13, jewelry brand Zhejiang Ming Jewelry Co.,Ltd. (002574) held a performance briefing where company executives responded to investor criticism.

During the event, some investors expressed the view that the company’s cross-sector move into photovoltaics was an unsuccessful decision, arguing that management had consistently attributed difficulties to the broader environment without ever apologizing to investors or acknowledging a misstep in strategy, and called for management reflection.

Massive information, accurate interpretation, all in the Sina Finance App.

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