Shenzhen Changfang Group Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
April 26, 2021 at 09:55 pm IST
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Shenzhen Changfang Group Co., Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 1,302.857 million compared to CNY 1,617.021 million a year ago. Operating loss was CNY 8.550 million compared to CNY 467.243 million a year ago. Net loss was CNY 37.844 million compared to CNY 429.457 million a year ago. Basic loss per share from continuing operations was CNY 0.0479 compared to CNY 0.5435 a year ago.
SHENZHEN CHANGFANG GROUP Co., LTD., formerly Shenzhen ChangFang Light Emitting Diode Lighting Co., LTD., is principally engaged in the research, development, design, production and distribution of light emitting diode (LED) lighting source devices and LED lighting products. The Company's packaging products mainly include dual in-line pin (DIP) LED lighting source devices and surface mounted technology (SMD) LED lighting source devices. Its lighting application products primarily include LED balloon lamps, tubes, ceiling reflector lamps, candle lamps, road lamps, down lamps, as well as ceiling lamps, among others. Through its subsidiaries, the Company is also engaged in the provision of education services.