Rainbow Digital Commercial Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 06:20 am EDT
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Rainbow Digital Commercial Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 3,461.28 million compared to CNY 3,368.81 million a year ago. Revenue was CNY 3,461.28 million compared to CNY 3,368.81 million a year ago. Net income was CNY 279.03 million compared to CNY 136.37 million a year ago. Basic earnings per share from continuing operations was CNY 0.2387 compared to CNY 0.1138 a year ago. Diluted earnings per share from continuing operations was CNY 0.2387 compared to CNY 0.1138 a year ago.
Rainbow Digital Commercial Co Ltd, formerly Rainbow Department Store Co Ltd, is a company mainly engaged in retail business. The Company operates two segments. The Retail segment is involved in the operation of department stores, supermarkets, shopping centers and convenience stores. The segment sells clothing, food, cosmetics and other products through both online and offline channels. The Real Estate segment operates the development and sales of different types of properties, including high-end apartments, shopping malls and commercial office buildings. The Company operates its businesses in many locations in China, including Guangdong, Fujian, Jiangxi, Beijing and Chengdu.