Shanghai Xinhua Media Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 29, 2020 at 04:35 am EDT
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Shanghai Xinhua Media Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 800.940 million compared to CNY 914.477 million a year ago. Operating income was CNY 15.203 million compared to CNY 21.273 million a year ago. Net income was CNY 15.695 million compared to CNY 23.205 million a year ago. Basic earnings per share from continuing operations was CNY 0.015 compared to CNY 0.022 a year ago.
Shanghai Xinhua Media Co Ltd is a Chinese company primarily engaged in book publishing. The Company's main businesses include books and cultural and educational supplies. The Company's books cover the fields of humanities, economic management, children, art and other fields. The Company's newspaper business includes 'Five newspapers and one publication' such as 'Shenjiang Service Herald','Real Estate Times','Talent Market News','Shanghai Student English Newspaper','I Times','Morning Post'and so on. The Company is also engaged in media investment, real estate and property operations and advertising campaign marketing. The Company operates its business in the domestic market.