Shahe Industrial Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 24, 2020 at 05:46 am EDT
Share
Shahe Industrial Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 86.873 million compared to CNY 7.226 million a year ago. Operating income was CNY 10.032 million compared to operating loss of CNY 13.137 million a year ago. Net income was CNY 7.766 million compared to net loss of CNY 6.760 million a year ago. Basic earnings per share from continuing operations was CNY 0.0385 compared to basic loss per share from continuing operations of CNY 0.0335 a year ago.
Shahe Industry Co., Ltd. is principally engaged in the development, sale and leasing of real estate. The Company operates in three segments, including Real Estate Distribution Property Management and Agent Construction. The Company operates its businesses mainly in Shenzhen, Guangdong Province; Xinxiang, Henan Province, and Changsha, Hunan Province, China. Through its subsidiaries and associates, the Company is involved in the development of real estate and the construction of water conservancy projects, among others.