July 27 -- Jinan Qingqi Motorcycle (600698, 900946) filed its losses in first half totaled 38.24 million yuan on a revenue drop of 8.95 percent year-on-year to 672.27 million yuan, reports 163.com. First-half EPS was down 110.7 percent year-on-year to a deficit of 0.0394 yuan.

Qingqi said it has worked to improve production efficiency in the first six months of this year, focusing in particular on quality control, production schedule management, and reducing the number of production suspensions.

However, the source noted that Qingqi’s production capital was tight and parts supply was delayed, reportedly due to the economic crisis and heavy labor costs.