Shenzhen Universe Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 28, 2020 at 06:39 pm IST
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Shenzhen Universe Group Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 166.766 million compared to CNY 321.958 million a year ago. Operating loss was CNY 11.920 million compared to operating Income of CNY 27.761 million a year ago. Net loss was CNY 11.525 million compared to net income of CNY 14.896 million a year ago. Basic loss per share from continuing operations was CNY 0.0831 compared to basic earnings per share from continuing operations of CNY 0.1074 a year ago.
SHENZHEN UNIVERSE (GROUP) CO., LTD. is primarily engaged in the manufacture and sale of concrete and raw materials, and the operation of property management and real estate development and distribution business. The Company operates in four segments, including Commercial Concrete, Property Management, Real Estate and Leasing Services. The Company operates its real estate business in Shenzhen and other areas, including Donghai County, Lianyungang City, and Xiâan City. It is also engaged in the distribution of cement products. The Company principally operates its business in Shenzhen, Guangdong province, Hunan province and Xiâan, Shaanxi province, China.
SHENZHEN UNIVERSE GROUP CO., LTD. 
