Hangzhou Freely Communication Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 29, 2020 at 03:22 pm EDT
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Hangzhou Freely Communication Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 87.171 million compared to CNY 90.211 million a year ago. Operating loss was CNY 16.821 million compared to CNY 4.618 million a year ago. Net loss was CNY 12.352 million compared to CNY 4.646 million a year ago. Basic loss per share from continuing operations was CNY 0.08 compared to CNY 0.04 a year ago.
Hangzhou Freely Communication Co Ltd is a company mainly engaged in construction of communication networks. The Company operates three businesses. The communication network technology service business provides the clients with communication network construction and maintenance services, including communication equipment installation engineering services, indoor distribution system services, daily maintenance of communication networks and fault repair services. The research, development and sales of communication products and supporting products business is engaged in production of mobile communication base station equipment and new energy batteries. The communication product operation business mainly provides integrated mobile office solutions for telecom operators, enterprises and institutions.
HANGZHOU FREELY COMMUNICATION CO., LTD. 
