Hebei Yangyuan Zhihui Beverage Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 17, 2020 at 10:45 am EDT
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Hebei Yangyuan ZhiHui Beverage Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 1,277.740 million compared to CNY 2,494.818 million a year ago. Operating income was CNY 657.664 million compared to CNY 1,058.905 million a year ago. Net income was CNY 525.961 million compared to CNY 850.473 million a year ago. Basic earnings per share from continuing operations was CNY 0.4987 compared to CNY 1.129 a year ago.
Hebei Yangyuan ZhiHui Beverage Co., Ltd. is principally engaged in the research, development, production and distribution of vegetable protein beverages and food. The Company primarily provides hickory nut beverages, including hickory nut juice, hickory nut and peanut juice, hickory nut and almond juice, as well as hickory nut food, including hickory nut porridge. The Company provides its products with the brand named Yangyuan and Six Walnuts, specific varieties include Yangyuan Boutique Six Walnut Milk, Yangyuan Selected Six Walnut Milk, Yangyuan Refined Research Six Walnut Milk and Yangyuan Zhihui Health Six Walnut Milk and others. The Company distributes its products primarily in domestic market.