Shanghai New Culture Media Group Co., Ltd. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was CNY 556.053 million compared to CNY 805.824 million a year ago. Operating loss was CNY 1,027.312 million compared to operating Income of CNY 13.378 million a year ago. Net loss was CNY 948.446 million compared to net income of CNY 31.618 million a year ago. Basic loss per share from continuing operations was CNY 1.18 compared to basic earnings per share from continuing operations of CNY 0.04 a year ago.