Sanquan Food Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 28, 2020 at 06:35 am EDT
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Sanquan Food Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 2,216.612 million compared to CNY 1,908.623 million a year ago. Operating income was CNY 300.205 million compared to CNY 40.279 million a year ago. Net income was CNY 257.581 million compared to CNY 40.176 million a year ago. Basic earnings per share from continuing operations was CNY 0.32 compared to CNY 0.03 a year ago.
Sanquan Food Co.,Ltd, formerly Zhengzhou Sanquan Foods Co., Ltd, is a China-based company principally engaged in the production and distribution of quick-frozen food products. The Company's main products are quick frozen food products made of wheat flour and rice, including quick-frozen glutinous rice balls, quick-frozen boiled dumplings, quick-frozen rice dumplings and quick-frozen flour pastry products. In addition, the Company also produces room temperature convenient food. The Company distributes its products mainly in domestic markets.
SANQUAN FOOD CO., LTD. 
