Huangshan Tourism Development Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 29, 2020 at 02:25 pm IST
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Huangshan Tourism Development Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 454.274 million compared to CNY 1,238.941 million a year ago. Operating loss was CNY 24.465 million compared to operating Income of CNY 477.156 million a year ago. Net loss was CNY 47.935 million compared to net income of CNY 335.996 million a year ago. Basic loss per share from continuing operations was CNY 0.0657 compared to basic earnings per share from continuing operations of CNY 0.4582 a year ago.
Huangshan Tourism Development Co.,Ltd. mainly operates through four segments, including Scenic Area Management, Cableway Operation, Hotel Business and Travel Agency. Scenic Area Management segment is engaged in the daily operation and management, infrastructure construction, environment sanitation and cleaning, sewage treatment and other services in Huangshan scenic zone, Anhui province, China and in HuaShan Mysterious Grottoes, Zhejiang province, China. Cableway Operation segment consists of the safety management, equipment maintenance and services of the cableways in Huangshan. Hotel Business segment is involved in the operation and management of the hotels that the Company owns. Travel Agency segment provides domestic tourism, inbound tourism, outbound tourism, air ticketing, exhibition services, advertising planning and other services. The Company also involves in the development and distribution of commercial residential properties.
HUANGSHAN TOURISM DEVELOPMENT CO.,LTD. 
