China Reform Culture Holdings Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 30, 2020 at 05:55 am EDT
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China Reform Culture Holdings Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 421.647 million compared to CNY 875.115 million a year ago. Operating income was CNY 91.948 million compared to CNY 65.528 million a year ago. Net income was CNY 84.242 million compared to CNY 12.327 million a year ago. Basic earnings per share from continuing operations was CNY 0.1885 compared to CNY 0.0276 a year ago.
China Reform Culture Holdings Co Ltd, formerly Shanghai 3F New Materials Co Ltd, is a China-based company mainly engaged in cultural and educational businesses. The Company operates two main businesses. The culture and education business focuses on investment and construction, financial services, operation and maintenance in the education informatization field. The vocational education business focuses on the field of integration of production and education, uses digital technology to create training laboratory products and provides supporting services, and provides colleges and universities with practical teaching solutions that synchronize with industrial development.