Beijing Cuiwei Tower Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 29, 2022 at 05:18 pm EDT
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Beijing Cuiwei Tower Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 956.46 million compared to CNY 984.54 million a year ago. Revenue was CNY 956.46 million compared to CNY 984.54 million a year ago. Net income was CNY 65.56 million compared to CNY 61.7 million a year ago. Basic earnings per share from continuing operations was CNY 0.082 compared to CNY 0.079 a year ago. Diluted earnings per share from continuing operations was CNY 0.082 compared to CNY 0.079 a year ago.
Beijing Cuiwei Tower Co Ltd is a China-based company mainly engaged in commercial retail and third-party payment business. The Company conducts its businesses primarily through two segments. The Bank Card Acquiring segment is mainly engaged in the third-party payment business, and completes the clearing and settlement services of transaction funds together with the acquiring bank, the professional bank card institution and the card issuing bank. The Department Store segment is principally engaged in the sales and leasing of merchandise. The Company mainly conducts its businesses in the domestic market and overseas markets.