Konka releases loss warning, market worries about color TV stocks

The color TV manufacturer Konka being listed in Shenzhen A shares market released loss warning, which was the first loss in eight years since the company was listed. The company will release its interim earnings next month. Konka claimed that the loss was mainly caused by the vicious price competition among the color TV manufacturers, the inability of the company handling the relationship between its dimensions and efficiency and the transfer to high technologies. Affected by the loss warning of Konka, the market swift their eyes to the earnings of the main color TV manufacturers in China mainland, such as TCL International Holdings (1070), Changhong, Konka and Skyworth Digital Holdings (0751).

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