Shaanxi Broadcast & Tv Network Intermediary Group Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 29, 2020 at 03:20 pm EDT
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Shaanxi Broadcast & TV Network Intermediary Group Co.,Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 568.839 million compared to CNY 739.630 million a year ago. Operating loss was CNY 31.865 million compared to operating Income of CNY 40.981 million a year ago. Net loss was CNY 28.402 million compared to net income of CNY 43.727 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 0.063 a year ago. Diluted loss per share from continuing operations was CNY 0.04 compared to diluted earnings per share from continuing operations of CNY 0.061 a year ago.
Shaanxi Broadcast & TV Network Intermediary Group Co Ltd is a China-based company mainly engaged in telecommunications, radio and television and satellite transmission services. The Company operates through four segments. The Cable TV segment is mainly engaged in providing users with TV program viewing, video on demand, time-shifted playback, interactive value-added and other services through cable, digital video broadcasting, wireless, door-to-door communication and other methods. The Cultural Investment and Advertising segment is mainly engaged in advertising agency business. The Electronic Product Sales segment is mainly engaged in the sales of mobile terminal equipment, electronic equipment and other products. Other Business segments are mainly engaged in big data services, Internet data services, data processing and storage support services, and operation and maintenance services. The Company mainly operates its businesses in the domestic market.
SHAANXI BROADCAST & TV NETWORK INTERMEDIARY(GROUP)CO.,LTD. 
