Cang Bao Tian Xia International Art Trade Center, Inc. Reports Earnings Results for the Second Quarter Ended December 31, 2020
February 22, 2021 at 11:18 pm IST
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Cang Bao Tian Xia International Art Trade Center, Inc. announced earnings results for the second quarter ended December 31, 2020. For the second quarter, the company announced sales was USD 976,400 compared to USD 816,323 a year ago. Operating loss was USD 1.162 million compared to USD 1.116 million a year ago. Net loss was USD 1.160 million compared to USD 1.080 million a year ago. For the half year, sales was USD 1.306 million compared to USD 1.915 million a year ago. Operating loss was USD 2.410 million compared to USD 2.144 million a year ago. Net loss was USD 2.407 million compared to USD 2.148 million a year ago.
CANG BAO TIAN XIA INTERNATIONAL ART TRADE CENTER, INC., formerly Zhongchai Machinery, Inc., through its subsidiaries, is focused on the manufacturing and distribution of drivetrain products, mainly transmission gearboxes, gears and transaxles in the Peopleâs Republic of China. These products are used for making industrial, agricultural, and construction machinery, such as forklift trucks, excavators, tractors, diesel engines and other machines. The gears produced by the Company are used for internal production of transmission gearboxes and sold mainly to Chinese diesel engine manufacturers. Zhongchai Machinery conducts all of its business operations in China through its overseas holding company, Zhongchai Holding (Hong Kong) Limited and Zhejiang Zhongchai Machinery Co., Ltd. that produces and sells transmission gearboxes, gears and transaxles.