*ST Velvet ((000982): A Loss Of 103 Million Yuan, -1.53 Billion Yuan In The Third Quarter.

*ST 000982.SZ announced that the net loss in the first three quarters of 2019 attributable to shareholders of listed companies was 680 million yuan -7.3 billion, a loss of 524 million yuan in the same period last year. Among them, the net loss attributable to shareholders of Listed Companies in the third quarter was 103 million yuan -1.53 billion yuan, a loss of 130 million yuan in the same period last year. In addition, the end of the term is attributable to the owner's equity -17.45 to -18.98 billion yuan.

The reasons for the performance change are as follows: 1. During the reporting period, due to the deterioration of the company's overall business environment, the working capital was extremely short, raw material procurement was insufficient, and the company orders fell more than the same period last year, resulting in a larger increase in unit production costs and a continuous decline in gross margin of sales compared with the same period last year, affecting the company's performance;

2, during the reporting period, the company had a large overdue debt, and the related debt interest and penalty interest increased more than the same period last year, affecting the company's performance.