Longzhou Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 28, 2020 at 06:29 am EDT
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Longzhou Group Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 507.147 million compared to CNY 828.653 million a year ago. Operating loss was CNY 1.996 million compared to operating Income of CNY 14.529 million a year ago. Net loss was CNY 15.200 million compared to net income of CNY 10.173 million a year ago. Basic loss per share from continuing operations was CNY 0.03 compared to basic earnings per share from continuing operations of CNY 0.02 a year ago.
LONGZHOU GROUP CO., LTD., formerly FUJIAN LONGZHOU TRANSPORTATION CO.,LTD., is engaged in modern logistics service, automobile passenger and station service, automobile manufacturing, sale and service, oil and gas product sale and other businesses. Its modern logistics service business includes asphalt supply chain, logistics park operation, port terminal operation, car free carrier and professional freight transport businesses. Its bus passenger transport and station service business includes bus passenger, tourist and taxi passenger transport, as well as urban bus and passenger station operation businesses. Its automobile manufacturing, sale and service business includes passenger and freight vehicle agent sale, spare parts sale, vehicle inspection and maintenance service businesses, as well as the research and development of new energy vehicles. Its finished oil and natural gas sale business is engaged in the investment, construction and operation of filling stations