Jinan High-Tech Development Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 29, 2020 at 02:31 pm IST
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Jinan High-tech Development Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 663.486 million compared to CNY 826.303 million a year ago. Operating loss was CNY 34.397 million compared to operating Income of CNY 23.921 million a year ago. Net loss was CNY 55.072 million compared to net income of CNY 12.978 million a year ago. Basic loss per share from continuing operations was CNY 0.06 compared to basic earnings per share from continuing operations of CNY 0.02 a year ago.
Jinan High-tech Development Co Ltd is a China-based company principally engaged in the in vitro diagnostics business. The Company operates three segments. The Real Estate and Property Services Business segment is mainly engaged in real estate development and sales and the provision of property and property leasing services. The In Vitro Diagnostics Business segment is mainly engaged in the research and development, production and sales of molecular diagnostic reagents and equipment. The products are mainly used in the fields of infectious disease prevention and control, pathogenic microorganism detection, food safety testing and other fields. The Other Business segment is mainly engaged in trading business and other businesses. The Company mainly conducts its businesses in the domestic market.