The Glass Price Drop Leads Gross Margin Decline in Kibing

( China Glass Network ) Kibing Group announced on August 22 that during report period, the gross margin of company’s main business was 21.12%, declined by 11.48% over the same time previous year. The company indicated that the reasons of gross margin drop are because of the sales price of glass has dropped 12.75% over the same time last year, while prices of heavy oil, soda and other materials have rose sharply.