Yang Guang Co.,Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 26, 2020 at 05:56 am EDT
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Yang Guang Co.,Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 88.103 million compared to CNY 108.075 million a year ago. Operating loss was CNY 25.194 million compared to operating Income of CNY 3.814 million a year ago. Net loss was CNY 51.102 million compared to CNY 25.790 million a year ago. Basic loss per share from continuing operations was CNY 0.07 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.