Shenzhen Textile Holdings Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 29, 2020 at 06:20 am
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Shenzhen Textile Holdings Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 384.038 million compared to CNY 592.839 million a year ago. Operating loss was CNY 11.438 million compared to operating Income of CNY 13.011 million a year ago. Net loss was CNY 5.827 million compared to net income of CNY 10.381 million a year ago. Basic loss per share from continuing operations was CNY 0.0114 compared to basic earnings per share from continuing operations of CNY 0.0203 a year ago.
SHENZHEN TEXTILE (HOLDINGS)CO., LTD. is a China-based company principally engaged in the manufacture and sales of polarizers. The Company is also engaged in the property leasing and apparel trading businesses. The Company's polarizers are mainly used in the manufacture of liquid crystal display panels of smart phones, tablet person computer (PCs), television (TVs), organic light emitting diode (OLED) display panels, as well as the filter lens of instruments, sunglasses and photographic equipment. The Company mainly distributes its products in domestic and overseas markets.
SHENZHEN TEXTILE (HOLDINGS) CO., LTD. 
