Shahe Industrial Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2022
April 22, 2022 at 03:47 am EDT
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Shahe Industrial Co., Ltd reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 142.69 million compared to CNY 8.09 million a year ago. Revenue was CNY 142.69 million compared to CNY 8.09 million a year ago. Net income was CNY 15.7 million compared to net loss of CNY 9.43 million a year ago. Basic earnings per share from continuing operations was CNY 0.0667 compared to basic loss per share from continuing operations of CNY 0.0417 a year ago. Diluted earnings per share from continuing operations was CNY 0.0667 compared to diluted loss per share from continuing operations of CNY 0.0417 a year ago.
Shahe Industry Co., Ltd. is principally engaged in the development, sale and leasing of real estate. The Company operates in three segments, including Real Estate Distribution Property Management and Agent Construction. The Company operates its businesses mainly in Shenzhen, Guangdong Province; Xinxiang, Henan Province, and Changsha, Hunan Province, China. Through its subsidiaries and associates, the Company is involved in the development of real estate and the construction of water conservancy projects, among others.