Shanghai New World Co., Ltd Reports Earnings Results for the Half Year Ended June 30, 2020
August 27, 2020 at 05:10 am EDT
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Shanghai New World Co. Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 438.825 million compared to CNY 991.687 million a year ago. Operating loss was CNY 16.141 million compared to operating Income of CNY 55.935 million a year ago. Net income was CNY 195,078.09 compared to CNY 74.297 million a year ago.
Shanghai New World Co Ltd is a China-based company mainly engaged in department store retail enterprises integrating modern department stores, tourism, leisure and entertainment comprehensive consumption. The Company operates its businesses through four segments. The Commercial segment is principally engaged in department store retail. The Pharmaceutical Industry segment is mainly engaged in the sales of various types of chinese medicinal materials, chinese patent medicines, western medicines, ginseng and antler supplements, nutritional health products and medical equipment. The Hotel Services segment is principally engaged in the operation of Radisson brand hotels managed by Radisson Hotel Group. The Company is also engaged in other businesses segment. The Company mainly operates its businesses in the domestic market.
SHANGHAI NEW WORLD CO., LTD 
