Rendong Holdings Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 28, 2020 at 08:50 am EDT
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Rendong Holdings Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 1,754.288 million compared to CNY 924.439 million a year ago. Operating loss was CNY 17.879 million compared to operating Income of CNY 70.331 million a year ago. Net loss was CNY 21.923 million compared to net income of CNY 49.262 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 0.09 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. 
