Zhongnan Red Culture Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 29, 2021 at 07:11 am EDT
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Zhongnan Red Culture Group Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 103.794 million compared to CNY 73.086 million a year ago. Operating income was CNY 279.578 million compared to operating loss of CNY 72.530 million a year ago. Net income was CNY 281.773 million compared to net loss of CNY 77.004 million a year ago. Basic earnings per share from continuing operations was CNY 0.12 compared to basic loss per share from continuing operations of CNY 0.06 a year ago.
Zhongnanhong Culture Group Co., Ltd., formerly Jiangyin Zhongnan Heavy Industries Co., Ltd., is a China-based company, principally engaged in culture and media business. The Company operates its businesses through two segments. The Culture business segment is engaged in the investment, plan, manufacture, publication and distribution of television and film projects and derived business, artist management, copyright development and operation, game production and distribution and equity investment. The Manufacturing Business segment is engaged in the manufacture and distribution of pipe fittings, flanges and pressure vessels. The Company distributes its products within domestic market and to overseas markets.
JIANGYIN ZHONGNAN HEAVY INDUSTRIES CO.,LTD 
