Daodaoquan Grain and Oil Co.,Ltd. Reports Earnings Results for the Fourth Quarter Ended March 31, 2021
April 26, 2021 at 09:30 am EDT
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Daodaoquan Grain and Oil Co.,Ltd. announced earnings results for the fourth quarter ended March 31, 2021. For the fourth quarter, the company announced total revenue was CNY 1,299.370 million compared to CNY 969.803 million a year ago. Operating income was CNY 92.941 million compared to CNY 48.151 million a year ago. Net income was CNY 81.630 million compared to CNY 41.795 million a year ago. Basic earnings per share from continuing operations was CNY 0.3 compared to CNY 0.15 a year ago. For the full year, total revenue was CNY 5,287.320 million compared to CNY 4,116.731 million a year ago. Operating loss was CNY 47.088 million compared to operating Income of CNY 169.779 million a year ago. Net loss was CNY 76.499 million compared to net income of CNY 128.835 million a year ago. Basic loss per share from continuing operations was CNY 0.2786 compared to basic earnings per share from continuing operations of CNY 0.4525 a year ago.
Daodaoquan Grain and Oil Co Ltd is a China-based company principally engaged in the research and development, production and sales of edible vegetable oil products. The Company's main products include packaged rapeseed oil, soybean oil, corn oil, sunflower oil and its blending oil. Its products include pressed rapeseed oil, original coriander seed oil, mellow coriander seed oil, concentrated coriander seed oil, pure rapeseed oil, pressed corn oil, pressed sunflower seed oil, edible plant blending oil and other specifications. The Company distributes its products under the Daodaoquan brand. The Company mainly distributes its products with domestic market.
DAODAOQUAN GRAIN AND OIL CO.,LTD. 
