Recently, several investors raised questions about the performance of Boshen Tools Thailand during the fourth quarter on an online investor interaction platform. In March, Boshen Tools disclosed on the panoramic network's interactive platform that after the Thai subsidiary began operations, it faced challenges with low capacity utilization and high overall costs. As of January to September 2013, the Thai company reported a loss of approximately 7 million yuan. The company has since initiated measures to cut costs and improve efficiency in an effort to reduce losses. However, despite these efforts, the Thai subsidiary is still expected to incur a loss for the entire year.
Boshen Tools primarily operates in the production and sale of diamond tools, small construction machinery, and alloy tools. The company has been closely monitoring the performance of its overseas operations, especially in markets where operational challenges have impacted profitability. While the Thai market remains a strategic focus, the current financial results highlight the need for continued optimization and long-term planning to ensure sustainable growth in international markets.
The company remains committed to addressing these challenges and exploring opportunities for improvement in its global operations. Investors are advised to monitor future updates for more detailed insights into the company's strategies and progress.
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