Hunan Investment Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 29, 2020 at 05:27 am EDT
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Hunan Investment Group Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 27.172 million compared to CNY 61.616 million a year ago. Operating loss was CNY 17.426 million compared to operating Income of CNY 9.169 million a year ago. Net loss was CNY 14.914 million compared to net income of CNY 7.279 million a year ago. Basic loss per share from continuing operations was CNY 0.03 compared to basic earnings per share from continuing operations of CNY 0.015 a year ago.
Hunan Investment Group Co Ltd is a China-based company mainly engaged in the investment and development of urban complexes. The Company is also engaged in highway construction operations, asset management and property services and hotel investment operations. The urban complex investment and development business focuses on independent development and sales, and its business is mainly concentrated in residential real estate development, commercial real estate operations and other fields. The highway construction and operation is mainly engaged in expressway toll collection business. The asset management and property services rely on self-developed real estate projects and self-sustained commercial real estate to conduct business. The company conducts hotel investment and operations under the Junyi brand.