Hailun Piano Co.,Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 27, 2020 at 08:31 am EDT
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Hailun Piano Co.,Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 178.829 million compared to CNY 257.097 million a year ago. Operating income was CNY 9.014 million compared to CNY 30.036 million a year ago. Net income was CNY 8.428 million compared to CNY 27.729 million a year ago. Basic earnings per share from continuing operations was CNY 0.0334 compared to CNY 0.1103 a year ago. Diluted earnings per share from continuing operations was CNY 0.0334 compared to CNY 0.1101 a year ago.
HAILUN PIANO CO., LTD. is a China-based piano manufacturer, primarily engaged in the research, development, manufacture and sale of pianos and related core parts. The Company primarily provides upright pianos, grand pianos and piano hardware fittings, among others. The Company also provides electro-acoustic piano, guitar and violin, among others. The Company distributes its products within domestic market and to overseas markets.