Cultural Investment Holdings Co.,Ltd Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
April 26, 2021 at 02:00 pm EDT
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Cultural Investment Holdings Co.,Ltd announced earnings results for the fourth quarter ended December 31, 2020. For the year, the company announced sales was CNY 527.986 million compared to CNY 2,224.147 million a year ago. Operating loss was CNY 3,431.678 million compared to operating Income of CNY 80.743 million a year ago. Net loss was CNY 3,462.649 million compared to net income of CNY 12.966 million a year ago. Basic loss per share from continuing operations was CNY 1.87 compared to basic earnings per share from continuing operations of CNY 0.007 a year ago. For the quarter, sales was CNY 331.322 million compared to CNY 114.132 million a year ago. Operating income was CNY 7.920 million compared to operating loss of CNY 173.344 million a year ago. Net income was CNY 10.770 million compared to net loss of CNY 169.414 million a year ago. Basic earnings per share from continuing operations was CNY 0.01 compared to basic loss per share from continuing operations of CNY 0.091 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 
