Guangxi Fenglin Wood Industry Group Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2020
April 29, 2020 at 03:20 pm EDT
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Guangxi Fenglin Wood Industry Group Co.,Ltd announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 143.842 million compared to CNY 339.346 million a year ago. Operating loss was CNY 12.241 million compared to operating Income of CNY 28.916 million a year ago. Net loss was CNY 11.630 million compared to net income of CNY 30.405 million a year ago. Basic loss per share from continuing operations was CNY 0.01 compared to basic earnings per share from continuing operations of CNY 0.026 a year ago.
Guangxi Fenglin Wood Industry Group Co., Ltd is a China-based company, principally engaged in the manufacture and sales of artificial boards. Its artificial boards mainly include fiber boards, plywood and shaving boards. The Company's fiber boards are mainly applied in furniture, wood floor buildings, decorations, middle and high cars and ship fitments, handicraft products, high grade loudspeaker boxes, instruments and electronics, among others. Its shaving boards are applied in furniture manufacture, interior finishing and architectural ornament. The Company is also engaged in forest management and restoration business, including growing trees planting, stock growing, as well as woods and stocks distribution.
GUANGXI FENGLIN WOOD INDUSTRY GROUP CO.,LTD 
