Yang Guang Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 29, 2020 at 04:47 am EDT
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Yang Guang Co.,Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 44.121 million compared to CNY 54.550 million a year ago. Operating loss was CNY 6.082 million compared to CNY 9.376 million a year ago. Net loss was CNY 19.177 million compared to CNY 24.957 million a year ago. Basic loss per share from continuing operations was CNY 0.03 compared to CNY 0.03 a year ago.
YANG GUANG CO., LTD. is a China-based company principally engaged in the development of residential real estate and the leasing of properties. The Company's principal products include the community commercial properties under the brand of Life, the regional shopping centers under the brand of iShineCity, as well as the city comprehensive properties under the brand of YangguangCenter. The Company mainly operates its investment real estate in Beijing, Tianjin and Shanghai, as well as some second-tier cities.
YANG GUANG CO.,LTD. 
