Shandong Xinneng Taishan Power Generation Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 20, 2020 at 09:15 am EDT
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Shandong Xinneng Taishan Power Generation Co.,Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 304.801 million compared to CNY 1,305.700 million a year ago. Operating loss was CNY 11.454 million compared to operating Income of CNY 502.825 million a year ago. Net loss was CNY 14.708 million compared to net income of CNY 374.364 million a year ago. Basic loss per share from continuing operations was CNY 0.0129 compared to basic earnings per share from continuing operations of CNY 0.2903 a year ago.
Shandong Xinneng Taishan Power Generation Co Ltd is a China-based company mainly engaged in industrial park development, comprehensive asset operation and bulk commodity supply chain business. The Company operates its businesses through four segments. The Real Estate Sales segment is mainly engaged in the sales of residences, hotels, shops, and office buildings. The Wire And Cable segment is mainly engaged in the research and development, manufacturing and sales of wire and cable, optical fiber cable, power optical cable and other products. The Main Commodities of Supply Chain business segment include communication cables and power cables. The Property Service segment mainly provides comprehensive asset operation services such as customer service, equipment, security, cleaning, landscaping, catering, and conference affairs. The Company mainly operates its business in the domestic market.
SHANDONG XINNENG TAISHAN POWER GENERATION CO.,LTD. 
