Cashway Fintech Co.,Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2019
October 29, 2019 at 07:57 am EDT
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Cashway Fintech Co.,Ltd. announced earnings results for the nine months ended September 30, 2019. For the nine months, the company announced sales was CNY 515.698 million compared to CNY 694.722 million a year ago. Operating loss was CNY 29.146 million compared to operating Income of CNY 51.072 million a year ago. Net loss was CNY 27.189 million compared to net income of CNY 50.001 million a year ago. Basic loss per share from continuing operations was CNY 0.0679 compared to basic earnings per share from continuing operations of CNY 0.1249 a year ago.
Cashway Fintech Co., Ltd., formerly Cashway Technology Co., Ltd., is a China-based company principally engaged in the provision of intelligent bank solutions that are mainly focused on financial self-service equipment. The Company operates through two main segments. The Main Business segment is primarily involved in research, development and sales of cash self-service machines, non-cash self-service machines and components, as well as the provision of equipment maintaining, outsourcing, software and technology development services. The Other Business segment is primarily engaged in the sales of electric power telecommunication equipment and rental housing.