Yang Guang Co.,Ltd. Reports Earnings Results for the Full Year Ended December 31, 2019
April 14, 2020 at 04:21 am EDT
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Yang Guang Co.,Ltd. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was CNY 242.774 million compared to CNY 288.849 million a year ago. Operating loss was CNY 37.525 million compared to operating Income of CNY 146.988 million a year ago. Net loss was CNY 81.761 million compared to net income of CNY 11.464 million a year ago. Basic loss per share from continuing operations was CNY 0.11 compared to basic earnings per share from continuing operations of CNY 0.02 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.