Shanghai Jiao Yun Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 28, 2020 at 03:53 am EDT
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Shanghai Jiao Yun Group Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 1,278.338 million compared to CNY 1,984.301 million a year ago. Operating loss was CNY 171.340 million compared to operating Income of CNY 61.493 million a year ago. Net loss was CNY 150.141 million compared to net income of CNY 42.182 million a year ago. Basic loss per share from continuing operations was CNY 0.15 compared to basic earnings per share from continuing operations of CNY 0.04 a year ago.
Shanghai Jiao Yun Group Co Ltd is a China-based company primarily engaged in the provision of road freight and logistics services. The Company operates primarily through four segments. The Road Freight and Logistics Services segment is mainly engaged in multimodal transport, cold chain warehousing, steel logistics, manufacturing logistics and other businesses. The Passenger Car Sales and Automotive After-service segment is mainly engaged in automobile sales, automobile accessories, repairs, maintenance technical consultation and automobile parts retail business. The Automotive Parts Manufacturing and Sales Services segment is mainly engaged in the manufacturing, research and development of key components of automotive powertrains, body and body accessory assemblies. The Other segment is engaged in other businesses. The Company mainly conducts its businesses in the domestic market.
SHANGHAI JIAO YUN GROUP CO., LTD. 
