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The main business of Boshen Tools is the production and sales of diamond tools, small construction machines and alloy tools.
Boshen Tools: Thai subsidiaries are expected to lose money throughout the year
Recently, some investors inquired about the operation of Boshen Tools Thailand in the fourth quarter on the interactive platform. On March, Boshen Tools said on the interactive platform of the panoramic network that after the Thai subsidiary was put into production, the capacity utilization rate was low and the comprehensive cost was high. From January to September 2013, the Thai company lost about 7 million yuan. The company is already taking steps to reduce costs, control costs and reduce its losses, but Thai companies are expected to still lose money throughout the year.