Jinhong Fashion Group Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 30, 2020 at 06:05 am EDT
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Jinhong Fashion Group Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 1,791.237 million compared to CNY 1,887.253 million a year ago. Operating loss was CNY 940.436 million compared to operating Income of CNY 38.972 million a year ago. Net loss was CNY 917.682 million compared to net income of CNY 30.152 million a year ago. Basic loss per share from continuing operations was CNY 3.68 compared to basic earnings per share from continuing operations of CNY 0.12 a year ago.
Jinhong Fashion Group Co.,Ltd., formerly VGRASS Fashion Co. Ltd., is principally engaged in the design, manufacture and distribution of branded lady's apparels. Through the operation of proprietary shops, the Company mainly deals with fashion lady's apparels under the brand named VGRASS. The Company provides apparels, including dresses, pants, coats, shirts, skirts, cotton coats, down garments and windbreakers, among others; knitted products, including sweater series products, as well as accessories, including bags, jewelries and scarf , among others. The Company is also engaged in manufacture and sales of handicrafts under the brand named Yunjin. Its products include handicrafts, fabrics, apparel and others.
JINHONG FASHION GROUP CO.,LTD. 
