Tianjin Hi-Tech Development Co.,Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 29, 2020 at 04:38 am EDT
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Tianjin Hi-Tech Development Co.,Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 295.881 million compared to CNY 493.500 million a year ago. Operating loss was CNY 40.722 million compared to operating Income of CNY 27.923 million a year ago. Net loss was CNY 38.772 million compared to net income of CNY 17.072 million a year ago. Basic loss per share from continuing operations was CNY 0.06 compared to basic earnings per share from continuing operations of CNY 0.0264 a year ago.
Tianjin Hi-Tech Development Co., Ltd. is a China-based company principally engaged in the development and operation of industrial estate properties. The Company's main businesses include the property business, high-tech industry investment, incubation services and trading. The Companyâs property projects include business process outsourcing (BPO) site, hi-tech innovation base and hi-tech green industrial base, among others. High-tech industry investment is mainly involved in the equity investment in enterprises. Incubation services provide professional services to entered enterprises, such as finance consulting, patent services and entrepreneurship mentor training. Trading business mainly consist of the wholesale of iron and steel and other construction materials. The Company primarily conducts its business in North China.