Hitevision Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 10, 2020 at 08:01 am EDT
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Hitevision Co., Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 1,144.335 million compared to CNY 2,024.785 million a year ago. Operating loss was CNY 28.356 million compared to operating Income of CNY 131.164 million a year ago. Net loss was CNY 32.689 million compared to net income of CNY 112.622 million a year ago. Basic loss per share from continuing operations was CNY 0.14 compared to basic earnings per share from continuing operations of CNY 1.04 a year ago. Diluted loss per share from continuing operations was CNY 0.34 compared to diluted earnings per share from continuing operations of CNY 1.04 a year ago.
Hitevision Co., Ltd. is a China-based company mainly engaged in the design, development, production and sales of intelligent interactive display products and providing intelligent audiovisual solutions. The Company's intelligent interactive display products mainly include intelligent interactive tablets, projectors, electronic interactive whiteboards, video booths, recording and broadcasting products, electronic class cards, electronic school bags and accessories. The intelligent audiovisual solution business mainly includes the provision of video system integration solution design, project coordination management, software development, equipment installation and commissioning, user training and equipment maintenance businesses. The Company's products are mainly used in primary and secondary schools and universities, early childhood education, training institutions, enterprises and institutions and government agencies.