Qianhe Condiment and Food Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 29, 2020 at 04:33 am EDT
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Qianhe Condiment and Food Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 1,222.242 million compared to CNY 929.780 million a year ago. Operating income was CNY 267.571 million compared to CNY 161.206 million a year ago. Net income was CNY 223.911 million compared to CNY 136.802 million a year ago. Basic earnings per share from continuing operations was CNY 0.3387 compared to CNY 0.2981 a year ago. Diluted earnings per share from continuing operations was CNY 0.335 compared to CNY 0.2915 a year ago.
Qianhe Condiment and Food Co Ltd is a China-based company mainly engaged in the research and development, production and sales of condiments such as soy sauce, vinegar and cooking wine. The Company's condiments, such as soy sauce and vinegar, use the trademark Qianhe and are mainly used in cooking at home and in catering businesses. The Company's products include soy sauce, vinegar, cooking wine and other products mainly caramel color, seasoning, sesame oil, oyster sauce and so on. The Company conducts its business in the domestic market.
QIANHE CONDIMENT AND FOOD CO., LTD. 
