Global Top E-Commerce Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2019
April 29, 2020 at 04:01 pm
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Global Top E-Commerce Co., Ltd. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was CNY 17,874.236 million compared to CNY 21,533.874 million a year ago. Operating loss was CNY 2,968.403 million compared to operating Income of CNY 761.338 million a year ago. Net loss was CNY 2,707.893 million compared to net income of CNY 622.765 million a year ago. Basic loss per share from continuing operations was CNY 1.74 compared to basic earnings per share from continuing operations of CNY 0.41 a year ago.
Global Top E-Commerce Co.,Ltd., formerly Shanxi Baiyuan Trousers Chain Management Co., Ltd., is a China-based company principally engaged in cross-border e-commerce business. The Company is mainly engaged in cross-border e-commerce exporting business and cross-border e-commerce importing business. The Company distributes apparel and household products, electronic products and other products through its e-commerce distribution platforms. The Company operates its business in domestic and overseas markets, with overseas market as its main market.