Shahe Industrial Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2019
October 25, 2019 at 09:17 am
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Shahe Industrial Co., Ltd. announced earnings results for the nine months ended September 30, 2019. For the nine months, the company announced sales was CNY 90.766 million compared to CNY 185.997 million a year ago. Operating loss was CNY 24.181 million compared to CNY 9.805 million a year ago. Net loss was CNY 11.226 million compared to net income of CNY 2.264 million a year ago. Basic loss per share from continuing operations was CNY 0.0557 compared to basic earnings per share from continuing operations of CNY 0.0112 a year ago.
Shahe Industrial Co Ltd is a China-based company primarily engaged in real estate business. The Company is mainly engaged in real estate development and management, and modern service-oriented industrial housing operation and management. The Company operates the real estate industry through land acquisition, development and construction, and product marketing. The Company's real estate business includes residential, commercial and other projects. The Company mainly operates its businesses in the domestic market.