Hengxin Shambala Culture Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 26, 2020 at 04:37 am EDT
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Hengxin Shambala Culture Co.,Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 101.998 million compared to CNY 132.489 million a year ago. Operating loss was CNY 2.167 million compared to operating Income of CNY 16.599 million a year ago. Net loss was CNY 11.894 million compared to net income of CNY 13.919 million a year ago. Basic loss per share from continuing operations was CNY 0.0226 compared to basic earnings per share from continuing operations of CNY 0.0271 a year ago.
HENGXIN SHAMBALA CULTURE CO.,LTD., formerly HENGXIN MOBILE BUSINESS CO.,LTD., is a China-based company principally engaged in the industries supported by artistic creativity and visual technology. The Company operates through three main segments. The Computer Graphics (CG) and Visual Reality (VR) Content Production segment is mainly involved in the utilization of the Company's own CG and VR virtual reality content creation capabilities to build an image data asset library.The Children Industry Chain Development and Operation segment is mainly involved in the content production of childrenâs intellectual property (IP), channel distribution, derivative product licensing, and operation of the offline theme parks. The Location Based Entertainment (LBE) segment is mainly engaged in the provision of LBE venue design and manufacturing services to customers. Through its subsidiaries, the Company is also engaged in the mobile phone retail business and operator customized end product business.
HENGXIN SHAMBALA CULTURE CO.,LTD. 
