Ningbo United Group Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 27, 2020 at 02:52 pm EDT
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Ningbo United Group Co.,Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 1,387.316 million compared to CNY 761.745 million a year ago. Operating income was CNY 299.201 million compared to CNY 23.831 million a year ago. Net income was CNY 283.593 million compared to CNY 20.947 million a year ago. Basic earnings per share from continuing operations was CNY 0.91 compared to CNY 0.07 a year ago.
NINGBO UNITED GROUP CO., LTD is engaged in real estate business, wholesale business, power and thermal production and supply business, as well resident service business. Its real estate business mainly provides traditional housing, cultural tourism real estates and special commercial real estates. Its wholesale business is mainly engaged in import and export trading in clothing, textiles, footwear and paper. Its resident service business is mainly engaged in wedding ceremony business, which provides wedding ceremony services, photography services and car rental services.
NINGBO UNITED GROUP CO.,LTD. 
