Despite business profile of textile machinery segment had recorded consecutive improvement during 2016-2018, sales revenue and gross profit decreased 8% and 22% in FY2019 under industry downturn. In 1Q2020, consolidated sales revenue and net profit decreased by 35%/47% respectively compared with the same period of 2019. For headquarter, sales revenue decrease by 56% in 1Q2020 and recorded net loss of RMB78m compared with net profit of RMB6.9m in 1Q2019.