Ciwen Media Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 28, 2020 at 12:48 pm EDT
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Ciwen Media Co.,Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 1.419 million compared to CNY 154.439 million a year ago. Operating loss was CNY 15.263 million compared to operating Income of CNY 8.439 million a year ago. Net loss was CNY 15.383 million compared to net income of CNY 6.249 million a year ago. Basic loss per share from continuing operations was CNY 0.03 compared to basic earnings per share from continuing operations of CNY 0.01 a year ago.
Ciwen Media Co., Ltd., formerly ZHEJIANG HEXIN INDUSTRY GROUP CO., LTD is a China-based company, principally engaged in the investment, manufacture and publication of movie and television plays, and derivative business. The Company is also engaged in the research, development and promotion of games, artist brokerage business and the provision of information technology. The Company distributes its products within domestic market and to overseas markets.
CIWEN MEDIA CO.,LTD. 
