Shenzhen Universe Group Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 27, 2020 at 06:07 pm IST
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Shenzhen Universe Group Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 1,043.499 million compared to CNY 1,267.614 million a year ago. Operating income was CNY 18.676 million compared to CNY 104.720 million a year ago. Net loss was CNY 3.837 million compared to net income of CNY 54.191 million a year ago. Basic loss per share from continuing operations was CNY 0.028 compared to basic earnings per share from continuing operations of CNY 0.391 a year ago.
Shenzhen Universe Group Co Ltd is a China-based company mainly engaged in the production and sale of commercial concrete. The Company is also engaged in real estate development, property management, leasing, and others. The Company's main product is ready-mixed concrete. The main raw materials and energy for the production of ready-mixed concrete are cement, mineral powder, sand, gravel, admixtures and electricity. The Company's current real estate business is mainly focused on commercial properties and ordinary residential properties. The Company mainly operates its businesses in the domestic market.