Masterwork Group Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
April 08, 2021 at 07:44 am EDT
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Masterwork Group Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 1,226.201 million compared to CNY 1,385.371 million a year ago. Operating loss was CNY 86.064 million compared to CNY 655.466 million a year ago. Net loss was CNY 96.209 million compared to CNY 674.580 million a year ago. Basic loss per share from continuing operations was CNY 0.23 compared to CNY 2.12 a year ago.
Masterwork Group Co., Ltd., formerly Masterwork Machinery Co., Ltd., is principally engaged in the research, development, production and distribution of printing equipment. The Company mainly provides hot stamping machines, mainly applied in gilding, die cutting, creasing and pressing of paper packaging decoration materials, such as paper boxes and trademarks; die cutting machines, mainly applied in die cutting, creasing and cold pressing of trademarks, paper boxes and greeting cards, pasting machines, mainly used for molding processing of foods, liquor and tobacco, medicine and cosmetics, as well as inspection equipment and others. The Company distributes its products in both domestic and overseas markets.
MASTERWORK GROUP CO.,LTD. 
