Qingdao Citymedia Co,. Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 29, 2020 at 01:56 pm EDT
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Qingdao Citymedia Co,. Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 492.784 million compared to CNY 553.797 million a year ago. Operating income was CNY 114.242 million compared to CNY 93.245 million a year ago. Net income was CNY 114.764 million compared to CNY 94.344 million a year ago. Basic earnings per share from continuing operations was CNY 0.1635 compared to CNY 0.1344 a year ago.
Qingdao Citymedia Co Ltd is a China-based company mainly engaged in publication planning, editing, publishing, copyright operations, distribution and product sales. The company conducts its business through one segment. The Wholesale and Retail Business of Books, Periodicals and Newspapers is mainly engaged in the publication and distribution of national standard textbooks, educational books, science and technology life books, children's books, and social science and literature books in domestic market, as well as the import and export of copyrights and multi-form development and operations based on the content of publications. The Company is also engaged in the subscription and distribution of teaching materials, teaching aids, general books and periodicals, the sales of educational services and related cultural products, as well as the sales of educational equipment, multimedia equipment, printing materials and other diversified products. The Company mainly operates its businesses in
QINGDAO CITYMEDIA CO,. LTD. 
