Guangzhou Shangpin Home Collection Co., Ltd. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
April 27, 2021 at 06:08 am EDT
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Guangzhou Shangpin Home Collection Co., Ltd. announced earnings results for the fourth quarter ended December 31, 2020. For the year, the company announced sales was CNY 6,513.432 million compared to CNY 7,260.786 million a year ago. Operating income was CNY 113.245 million compared to CNY 624.160 million a year ago. Net income was CNY 101.402 million compared to CNY 528.398 million a year ago. Basic earnings per share from continuing operations was CNY 0.51 compared to CNY 2.69 a year ago. Diluted earnings per share from continuing operations was CNY 0.51 compared to CNY 2.68 a year ago. For the quarter, sales was CNY 1,407.395 million compared to CNY 669.295 million a year ago. Operating income was CNY 10.897 million compared to operating loss of CNY 192.560 million a year ago. Net income was CNY 7.913 million compared to net loss of CNY 155.578 million a year ago. Basic earnings per share from continuing operations was CNY 0.04 compared to basic loss per share from continuing operations of CNY 0.79 a year ago. Diluted earnings per share from continuing operations was CNY 0.04 compared to diluted loss per share from continuing operations of CNY 0.78 a year ago.
Guangzhou Shangpin Home Collection Co Ltd is a company mainly engaged in manufacturing and sales of furniture and provision of related services. The Company operates two segments. The Furniture Manufacturing and Sales segment provides clients with the production and services of customized furniture products. The segment provides full-roof custom furniture products and supporting furniture products, such as sofa coffee table combinations, dining tables and chairs. The Research, Development, Production and Sales of Software segment is involved in providing customized furniture-related software, including Liangchibao, Zhangshang Puzhuanwang and customized furniture production separate orders system.