Shandong Publishing&Media Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2020
April 30, 2020 at 12:50 am IST
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Shandong Publishing&Media Co.,Ltd announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 1,539.771 million compared to CNY 1,748.500 million a year ago. Operating income was CNY 136.463 million compared to CNY 221.803 million a year ago. Net income was CNY 138.318 million compared to CNY 217.530 million a year ago. Basic earnings per share from continuing operations was CNY 0.07 compared to CNY 0.1 a year ago.
Shandong Publishing & Media Co Ltd is a China-based company primarily engaged in the publishing, issuing, printing and material trading of books, periodicals and electronic audio-visual products. The Company operates five segments. The Publishing segment engages in the publishing of teaching materials, general books, periodicals, electronic audio-visual products and digital products. The Issuing segment engages in issuing, wholesale, retail and chain operation of teaching materials, general books, electronic audio-visual products, newspapers and periodicals and other publications. The Material Trading segment engages in materials supply business and foreign trade business. The Printing Business segment engages in internal and external printing businesses. The Other segment engages in software development, logistics business, online education platform, hotel services and other businesses. The Company conducts its businesses in the domestic market.