Zhongnan Red Culture Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2019
April 29, 2019 at 05:39 pm
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Zhongnan Red Culture Group Co., Ltd. announced earnings results for the first quarter ended March 31, 2019. For the first quarter, the company announced sales was CNY 180.533 million compared to CNY 188.023 million a year ago. Operating loss was CNY 58.074 million compared to operating Income of CNY 50.288 million a year ago. Net loss was CNY 56.101 million compared to net income of CNY 41.609 million a year ago. Basic loss per share from continuing operations was CNY 0.04 compared to basic earnings per share from continuing operations of CNY 0.05 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 
