(Yicai Global) March 19 -- Aerospace Hi-Tech Holding Group has closed its two factories producing auto electronics parts in France for two weeks due to the novel coronavirus pandemic.

Shares in the firm [SHE:000901] were down 3.13 percent at CNY9.59 (USD1.35) in the afternoon session.

Both plants are fully owned by French subsidiary All Circuits, the firm said in a statement yesterday. They generated CNY2.3 billion (CNY325 million) in revenue and CNY59.1 million (USD8.3 million) in profit in 2018 but have had to close at the request of the government to help reduce the spread of Covid-19, it added. The factories closed on March 17.