Hengxin Shambala Culture Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 07:22 am EDT
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Hengxin Shambala Culture Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 65.47 million compared to CNY 105.32 million a year ago. Revenue was CNY 65.47 million compared to CNY 105.32 million a year ago. Net loss was CNY 31.33 million compared to CNY 40.75 million a year ago. Basic loss per share from continuing operations was CNY 0.0518 compared to CNY 0.078 a year ago. Diluted loss per share from continuing operations was CNY 0.0518 compared to CNY 0.078 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. 
