Sumavision Technologies Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 20, 2020 at 11:26 am
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Sumavision Technologies Co.,Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 154.532 million compared to CNY 309.015 million a year ago. Operating loss was CNY 31.377 million compared to operating Income of CNY 57.035 million a year ago. Net loss was CNY 28.056 million compared to net income of CNY 53.449 million a year ago. Basic loss per share from continuing operations was CNY 0.02 compared to basic earnings per share from continuing operations of CNY 0.0388 a year ago. Diluted loss per share from continuing operations was CNY 0.0198 compared to diluted earnings per share from continuing operations of CNY 0.0373 a year ago.
Sumavision Technologies Co.,Ltd. is a China-based company principally engaged in the research, development, production, distribution and provision of services of digital broadcasting and television software and hardware. The Companyâs main products and services include cloud and big data services, digital television systems and services, new media technology services and applications, intelligent gateway and terminals, financial and Internet financial technology services and applications, as well as television operation system (TVOS) and security products, among others. The Company distributes its products in domestic market and to overseas markets.