Shahe Industrial Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 28, 2020 at 05:12 am EDT
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Shahe Industrial Co., Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 210.547 million compared to CNY 82.599 million a year ago. Operating income was CNY 31.473 million compared to operating loss of CNY 10.965 million a year ago. Net income was CNY 23.384 million compared to net loss of CNY 3.819 million a year ago. Basic earnings per share from continuing operations was CNY 0.1159 compared to basic loss per share from continuing operations of CNY 0.0189 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.
SHAHE INDUSTRIAL CO., LTD. 
