Ningxia Zhongyin Cashmere Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 04:11 am EDT
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Ningxia Zhongyin Cashmere Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 88.57 million compared to CNY 124.22 million a year ago. Revenue was CNY 88.57 million compared to CNY 124.22 million a year ago. Net loss was CNY 5.04 million compared to net income of CNY 10.52 million a year ago. Basic loss per share from continuing operations was CNY 0.0012 compared to basic earnings per share from continuing operations of CNY 0.0025 a year ago. Diluted loss per share from continuing operations was CNY 0.0012 compared to diluted earnings per share from continuing operations of CNY 0.0025 a year ago.
NINGXIA ZHONGYINCASHMERE CO.,LTD. is a China-based company principally engaged in the production and sale of cashmere, wool, flax and other blended textile products. The Company's main products consist of washing cashmere, dehaired cashmere, cashmere tops, cashmere yarns, cashmere sweaters, cashmere coats, scarves and other non cashmere apparels. The Company distributes its products within domestic market and to overseas markets.