Hengxin Shambala Culture Co.,Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 26, 2020 at 09:06 am EDT
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Hengxin Shambala Culture Co.,Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 189.899 million compared to CNY 283.536 million a year ago. Operating loss was CNY 30.792 million compared to operating Income of CNY 65.741 million a year ago. Net loss was CNY 39.012 million compared to net income of CNY 54.396 million a year ago. Basic loss per share from continuing operations was CNY 0.0741 compared to basic earnings per share from continuing operations of CNY 0.1031 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.