Hubei Radio & Television Information Network Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
April 14, 2021 at 06:33 am EDT
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Hubei Radio & Television Information Network Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 2,383.677 million compared to CNY 2,624.932 million a year ago. Operating loss was CNY 602.837 million compared to operating Income of CNY 146.508 million a year ago. Net loss was CNY 690.293 million compared to net income of CNY 102.926 million a year ago. Basic loss per share from continuing operations was CNY 0.71 compared to basic earnings per share from continuing operations of CNY 0.11 a year ago. Diluted loss per share from continuing operations was CNY 0.71 compared to diluted earnings per share from continuing operations of CNY 0.09 a year ago.
Hubei Radio & Television Information Network Co., Ltd. is a China-based company principally engaged in the provision of integrated information services based on Community Antenna Television (CATV) broadband network. The Company mainly operates its businesses through digital television (TV), high definition interactive TV, broadband access, value-added services as well as TV plus Internet application services. The Companyâs value added services include data broadcasting, TV transport, medical TV, TV education, social security TV, smart TV bookstore, home entertainment, TV payment and TV shopping mall services, among others. The Company also provides private network services, industry information application construction services, public cultural services and telecom universal services. The Company mainly operates its business in Hubei Province, China.