Zjbc Information Technology Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2020
April 27, 2020 at 01:55 pm
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ZJBC Information Technology Co. Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 490.699 million compared to CNY 828.482 million a year ago. Operating loss was CNY 25.160 million compared to operating Income of CNY 61.987 million a year ago. Net loss was CNY 22.767 million compared to net income of CNY 52.422 million a year ago. Basic loss per share from continuing operations was CNY 0.0341 compared to basic earnings per share from continuing operations of CNY 0.0784 a year ago.
ZJBC Information Technology Co Ltd, formerly Maoye Communication and Network Co Ltd, is a China-based company principally engaged in information intelligent transmission business and communication network maintenance business. The Company conducts its business through three segments. The Mobile Information Transmission and Related Business segment is mainly responsible for sending triggered text messages such as identity verification, reminder notifications, and information confirmation, including text, picture, or voice format carriers. The Communication Network Maintenance and Related Business segment includes operation management and maintenance support of base stations, lines, broadband access, fixed telephone access and wireless local area networks (WLAN). The Company also engages in mobile Internet software development and application services through the Other segment. The Company operates its business mainly in domestic market.