Hailun Piano Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 24, 2020 at 10:45 am
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Hailun Piano Co.,Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 69.426 million compared to CNY 125.681 million a year ago. Operating income was CNY 2.233 million compared to CNY 13.286 million a year ago. Net income was CNY 2.153 million compared to CNY 13.068 million a year ago. Basic earnings per share from continuing operations was CNY 0.01 compared to CNY 0.05 a year ago.
HAILUN PIANO CO., LTD. is a China-based piano manufacturer, primarily engaged in the research, development, manufacture and sale of pianos and related core parts. The Company primarily provides upright pianos, grand pianos and piano hardware fittings, among others. The Company also provides electro-acoustic piano, guitar and violin, among others. The Company distributes its products within domestic market and to overseas markets.
HAILUN PIANO CO.,LTD. 
