Boshen Tools: Real estate downturn affects company business

Abstract Boshen Tools Boshen Tools Co., Ltd. is a key high-tech enterprise specializing in the R&D, production and sales of diamond tools, power tools and alloy tool products. Mainly engaged in the development of diamond tools, drilling and grinding small building construction equipment and carbide tools...
Boshen Tools Boshen Tools Co., Ltd. is a key high-tech enterprise specializing in the R&D, production and sales of diamond tools, power tools and alloy tool products. It is mainly engaged in the development, production and sales of diamond tools, drilling and grinding small building construction equipment and cemented carbide tools.

According to the latest “Investor Relations Activity Record Form” published by Boshen Tools, the downturn in the real estate industry has a certain impact on the company's business. At present, various data show that the real estate industry is not optimistic. Since 2012, due to the sluggish domestic real estate industry, the company's domestic business revenue and gross profit margin have declined year-on-year.

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