Zhongnan Red Culture Group Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 27, 2020 at 09:53 am EDT
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Zhongnan Red Culture Group Co., Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 151.931 million compared to CNY 332.403 million a year ago. Operating loss was CNY 246.725 million compared to CNY 132.323 million a year ago. Net loss was CNY 413.100 million compared to CNY 140.975 million a year ago. Basic loss per share from continuing operations was CNY 0.3 compared to CNY 0.1 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 
