Cultural Investment Holdings Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2020
April 28, 2020 at 11:13 am EDT
Share
Cultural Investment Holdings Co.,Ltd announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 114.132 million compared to CNY 482.945 million a year ago. Operating loss was CNY 173.344 million compared to operating Income of CNY 10.303 million a year ago. Net loss was CNY 169.414 million compared to net income of CNY 3.292 million a year ago. Basic loss per share from continuing operations was CNY 0.091 compared to basic earnings per share from continuing operations of CNY 0.002 a year ago.
Cultural Investment Holdings Co Ltd is a Chinese company mainly engaged in the film, television and gaming business. The Company operates through three segments. The Film Screening and Film and Television Project Investment Segment is mainly engaged in theater operation, film investment and production, film distribution and TV series investment and production. The Company is also engaged in value-added services such as theater sales and derivative product sales, as well as business operations such as movie pre-roll advertising and cinema venue advertising. The Online Game Development and Operation Segment is mainly engaged in the research, development, distribution and operation of mobile games and web games. The Company is also engaged in Other Segment.
CULTURAL INVESTMENT HOLDINGS CO.,LTD 