Shenzhen Cereals Holdings Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 25, 2022 at 09:35 am EDT
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Shenzhen Cereals Holdings Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 2,184.43 million compared to CNY 2,529.47 million a year ago. Revenue was CNY 2,184.43 million compared to CNY 2,529.47 million a year ago. Net income was CNY 137.44 million compared to CNY 136.07 million a year ago. Basic earnings per share from continuing operations was CNY 0.1192 compared to CNY 0.1181 a year ago. Diluted earnings per share from continuing operations was CNY 0.1192 compared to CNY 0.1181 a year ago.
Shenzhen Cereals Holdings Co Ltd is a China-based company mainly engaged in grain and oil business. The grain and oil trading business is mainly for the further processing of food and feed for customers such as large traders, feed and flour processing enterprises in the industry. The grain and oil processing business mainly deals with the processing and sale of flour, rice, edible oil and other products. The grain and oil reserve service business mainly provides dynamic grain and oil reserve services to local governments based in Shenzhen. The company also provides grain and oil circulation services such as warehousing and logistics, terminal loading and unloading, and quality inspection for upstream and downstream enterprises in the industrial chain.