Cig Shanghai Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2020
August 28, 2020 at 04:49 am EDT
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CIG ShangHai Co., Ltd. announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was CNY 1,424.112 million compared to CNY 1,449.944 million a year ago. Operating loss was CNY 72.128 million compared to operating Income of CNY 6.092 million a year ago. Net loss was CNY 57.380 million compared to net income of CNY 5.831 million a year ago. Basic loss per share from continuing operations was CNY 0.25 compared to basic earnings per share from continuing operations of CNY 0.03 a year ago.
CIG Shanghai CO., LTD. is a China-based company principally engaged in the research and development, manufacture and sales of Information Communications Technology (ICT) end products. The Company's main products include telecom broadband terminals, wireless networking equipment, smart home gateways, as well as industrial Internet of Things and solutions. The Company's products are mainly applied in home, enterprises and industrial fields. The Company distributes its products within domestic market and to overseas markets.
CIG SHANGHAI CO., LTD. 
