Tianjin Hi-Tech Development Co.,Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2019
October 29, 2019 at 04:20 am
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Tianjin Hi-Tech Development Co.,Ltd. announced earnings results for the nine months ended September 30, 2019. For the nine months, the company announced sales was CNY 493.500 million compared to CNY 455.726 million a year ago. Operating income was CNY 27.923 million compared to operating loss of CNY 19,618.4 a year ago. Net income was CNY 17.072 million compared to CNY 1.077 million a year ago. Basic earnings per share from continuing operations was CNY 0.0264 compared to CNY 0.0017 a year ago.
Tianjin Hi-Tech Development Co., Ltd. is a China-based company principally engaged in the development and operation of industrial estate properties. The Company's main businesses include the property business, high-tech industry investment, incubation services and trading. The Companyâs property projects include business process outsourcing (BPO) site, hi-tech innovation base and hi-tech green industrial base, among others. High-tech industry investment is mainly involved in the equity investment in enterprises. Incubation services provide professional services to entered enterprises, such as finance consulting, patent services and entrepreneurship mentor training. Trading business mainly consist of the wholesale of iron and steel and other construction materials. The Company primarily conducts its business in North China.
TIANJIN HI-TECH DEVELOPMENT CO., LTD. 
