Masterwork Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 11:07 am EDT
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Masterwork Group Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 423.29 million compared to CNY 397.63 million a year ago. Revenue was CNY 423.29 million compared to CNY 397.63 million a year ago. Net income was CNY 12.96 million compared to CNY 41.05 million a year ago. Basic earnings per share from continuing operations was CNY 0.03 compared to CNY 0.09 a year ago. Diluted earnings per share from continuing operations was CNY 0.03 compared to CNY 0.09 a year ago.
Masterwork Group Co., Ltd., formerly Masterwork Machinery Co., Ltd., is principally engaged in the research, development, production and distribution of printing equipment. The Company mainly provides hot stamping machines, mainly applied in gilding, die cutting, creasing and pressing of paper packaging decoration materials, such as paper boxes and trademarks; die cutting machines, mainly applied in die cutting, creasing and cold pressing of trademarks, paper boxes and greeting cards, pasting machines, mainly used for molding processing of foods, liquor and tobacco, medicine and cosmetics, as well as inspection equipment and others. The Company distributes its products in both domestic and overseas markets.
MASTERWORK GROUP CO.,LTD. 
