Rendong Holdings Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 27, 2020 at 09:52 am EDT
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Rendong Holdings Co., Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 1,281.661 million compared to CNY 594.137 million a year ago. Operating loss was CNY 21.013 million compared to operating Income of CNY 47.542 million a year ago. Net loss was CNY 19.990 million compared to net income of CNY 30.967 million a year ago. Basic loss per share from continuing operations was CNY 0.04 compared to basic earnings per share from continuing operations of CNY 0.06 a year ago.
RENDONG HOLDINGS CO., LTD., formerly MESON FINTECH CO., LTD., is a China-based company principally engaged in third-party payment business. The Third-party Payment businesses include the development, operation and maintenance of payment system and clearing platform system, transaction funds settlement, user audit as well as the generation and management of Unionpay card acceptance terminal master key. The Commercial Factoring businesses include factoring business (non-bank finance category) and supply chain management consulting business. The Supply Chain Management businesses include supply chain management and supply chain financial services. In addition, The Company is also engaged in Internet microcredit business, financial leasing and relevant factoring business. The Company mainly operates its business in the domestic market.
RENDONG HOLDINGS CO., LTD. 
