Fujian Star-Net Communication Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 28, 2020 at 08:52 am EDT
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Fujian Star-net Communication Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 1,079.960 million compared to CNY 1,282.863 million a year ago. Operating loss was CNY 162.263 million compared to CNY 68.656 million a year ago. Net loss was CNY 53.703 million compared to CNY 6.163 million a year ago. Basic loss per share from continuing operations was CNY 0.0921 compared to CNY 0.0106 a year ago.
Fujian Star-net Communication Co., LTD. is a China-based company principally engaged in the research and development, production and distribution of communication equipment. The Company's main products consist of network equipment, enterprise level network equipment, communication products, video information equipment and others. The Company's products are applied in the network construction, wireless network, cloud computing, payment, digital entertainment Karaoke, converged communication and other businesses. It distributes its products within domestic market and to overseas markets.
FUJIAN STAR-NET COMMUNICATION CO., LTD. 
