Hengxin Shambala Culture Co.,Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
April 19, 2021 at 08:50 am EDT
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Hengxin Shambala Culture Co.,Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced total revenue was CNY 335.524 million compared to CNY 559.379 million a year ago. Operating loss was CNY 541.896 million compared to operating Income of CNY 93.743 million a year ago. Net loss was CNY 512.931 million compared to net income of CNY 56.331 million a year ago. Basic loss per share from continuing operations was CNY 0.9763 compared to basic earnings per share from continuing operations of CNY 0.1068 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 children's 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.