Kuaijishan Shaoxing Rice Wine Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 27, 2020 at 05:38 am EDT
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Kuaijishan Shaoxing Rice Wine Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 255.202 million compared to CNY 337.366 million a year ago. Operating income was CNY 50.518 million compared to CNY 90.983 million a year ago. Net income was CNY 34.119 million compared to CNY 66.253 million a year ago. Basic earnings per share from continuing operations was CNY 0.0705 compared to CNY 0.133 a year ago.
Kuaijishan Shaoxing Rice Wine Co., Ltd., formerly Kuaijishan Shaoxing Wine Co., Ltd. is a China-based company principally engaged in the Chinese spirit business. The Company mainly operates its business through research and development (R&D), production and sale of Shaoxing yellow spirits. The Companyâs products portfolio consists of midrange and high-end bottled Shaoxing yellow spirits, ordinary bottled Shaoxing yellow spirits and bottled Shaoxing yellow spirits base liquors, among others. The Company provides its products under the brand name of Kuajishan. It distributes its products within domestic market and to overseas markets, including Japan, Singapore, Hong Kong, Macau and others.
KUAIJISHAN SHAOXING RICE WINE CO., LTD. 
