Shanghai Maling Aquarius Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2020
April 29, 2020 at 01:56 pm EDT
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Shanghai Maling Aquarius Co.,Ltd announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 6,486.327 million compared to CNY 6,542.790 million a year ago. Operating income was CNY 356.882 million compared to CNY 321.389 million a year ago. Net income was CNY 147.765 million compared to CNY 176.346 million a year ago. Basic earnings per share from continuing operations was CNY 0.16 compared to CNY 0.19 a year ago.
Shanghai Bright Meat Group Co Ltd, formerly Shanghai Maling Aquarius Co Ltd, is a China-based company primarily engaged in the production, processing and distribution of meat products. The Company has six segments including Beef and Mutton segment, Pork, Canned Food segment, Comprehensive Food segment, Trade segment and other segment. The main business operations include pig breeding, slaughtering and distribution, deep processing and distribution of meat products and snack food business. The Company's products include breeding pigs, fresh meat, steaks, canned food, honey, candy, health wine and other varieties. The Company is engaged in trading business. The Company mainly conducts business in domestic and foreign markets.