Zhongnan Red Culture Group Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
April 14, 2021 at 04:07 am EDT
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Zhongnan Red Culture Group Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 386.826 million compared to CNY 597.539 million a year ago. Operating income was CNY 653.474 million compared to operating loss of CNY 1,710.440 million a year ago. Net income was CNY 131.259 million compared to net loss of CNY 1,798.474 million a year ago. Basic earnings per share from continuing operations was CNY 0.06 compared to basic loss per share from continuing operations of CNY 1.29 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 
