Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 29, 2020 at 04:33 am EDT
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Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 8,700.945 million compared to CNY 10,480.794 million a year ago. Operating income was CNY 4,256.443 million compared to CNY 4,242.310 million a year ago. Net income was CNY 2,291.876 million compared to CNY 2,494.772 million a year ago. Basic earnings per share from continuing operations was CNY 0.5681 compared to CNY 0.6184 a year ago.
Shanghai Lujiazui Finance & Trade Zone Development Co Ltd is a China-based company mainly engaged in commercial real estate, commercial operations and financial services. The Company conducts its business through four segments. The Real Estate segment is engaged in the comprehensive development of real estate and related industries, including land leasing, real estate sales, real estate leasing, hotels, property management and other businesses. The Trust segment is engaged in fund trusts, movable property trusts, real estate trusts, securities trusts, other property or property rights trusts, investment fund business, restructuring and mergers and acquisitions and financing, financial advisory business, and custody and guarantee business. The Securities segment is engaged in securities brokerage, securities investment consulting and securities trading. The Company also provides services through the Other segment. The Company primarily conducts its business in the domestic market.