Posting some key excerpts from Kingfa’s 2017-18 Annual Report. The management’s focus is mainly on growing the top line, business development and increasing/ utilizing capacity. They haven’t mentioned too much on how they plan to improve profitability - they only talk about bringing in efficiencies to improve their OPM.
The company did not report any major forex losses/ maintenance expenditure (the two things that led to profitability shrinking in the June quarter). So couldn’t get a clear understanding on what went wrong in Q1 2019.