Sichuan Haite High-Tech Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 26, 2020 at 05:29 am EDT
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Sichuan Haite High-tech Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 700.124 million compared to CNY 563.443 million a year ago. Operating loss was CNY 23.527 million compared to operating Income of CNY 50.373 million a year ago. Net loss was CNY 15.954 million compared to net income of CNY 49.923 million a year ago. Basic loss per share from continuing operations was CNY 0.021 compared to basic earnings per share from continuing operations of CNY 0.066 a year ago.
Sichuan Haite High-tech Co., Ltd. is a China-based company principally engaged in aviation related businesses. The Company operates through five segments. Aviation New Technology Development and Manufacture segment is engaged in the research and development of aircraft avionics, mechanical accessories, ground testing equipment and flight simulators. Microelectronics segment is engaged in the research, development and manufacture of semiconductor integrated circuit chips. Aviation Training segment is engaged in the provision of pilot training and flight attendant training and the development of flight simulators. Aviation Leasing segment is engaged in finance leasing business. Aviation Maintenance segment is engaged in the repair and maintenance of aircrafts and related components. The Company operates businesses in both domestic and overseas markets.