Cultural Investment Holdings Co.,Ltd Reports Earnings Results for the Nine Months Ended September 30, 2020
October 29, 2020 at 05:35 am EDT
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Cultural Investment Holdings Co.,Ltd announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 281.988 million compared to CNY 1,456.735 million a year ago. Operating loss was CNY 808.480 million compared to operating Income of CNY 50.911 million a year ago. Net loss was CNY 788.325 million compared to net income of CNY 44.776 million a year ago. Basic loss per share from continuing operations was CNY 0.43 compared to basic earnings per share from continuing operations of CNY 0.02 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 