Lingda Group Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 29, 2020 at 01:57 pm IST
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Lingda Group Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 53.556 million compared to CNY 68.155 million a year ago. Operating loss was CNY 14.086 million compared to operating Income of CNY 5.430 million a year ago. Net loss was CNY 7.433 million compared to net income of CNY 6.883 million a year ago. Basic loss per share from continuing operations was CNY 0.0283 compared to basic earnings per share from continuing operations of CNY 0.0262 a year ago.
Lingda Group Co Ltd, formerly Dalian East New Energy Development Co Ltd, is a China-based company mainly engaged in investment business and photovoltaic power generation business. The Company operates five segments. The Photovoltaic Power Generation Business segment is engaged in the operation of photovoltaic power plants. The Commercial Factoring Business segment is engaged in factoring business. The Naked-eye 3 dimensions (3D) Business segment provides naked-eye 3D / XR general-purpose computing platforms and solutions. The Waste Heat Power Generation Business segment provides services for energy conservation and emission reduction through general contracting, engineering design, equipment manufacturing and complete sets and technical services. Its customers are mainly in the cement industry. The Company also operates Others segment. The Company's investment business areas involve naked-eye 3D, industrial hemp derivative processing and commercial factoring.
LINGDA GROUP CO., LTD. 
