Square Technology Group Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2020
April 22, 2020 at 04:25 am EDT
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Square Technology Group Co.,Ltd announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 207.871 million compared to CNY 333.437 million a year ago. Operating income was CNY 25.265 million compared to CNY 39.320 million a year ago. Net income was CNY 20.889 million compared to CNY 34.580 million a year ago. Basic earnings per share from continuing operations was CNY 0.1 compared to CNY 0.16 a year ago.
Square Technology Group Co., Ltd., formerly Nantong Square Cold Chain Equipment Co., Ltd., is principally engaged in the research and development, production and sale of cold chain equipment and special containers. The Company's major product is based on quick freezing equipment, including refrigeration equipment and tank containers. The Company's products are widely used in aquatic products, meat and poultry, fruits and vegetables, rice products, ice cream, baked goods and prepared foods, and other agricultural and sideline products. Its products are also used in fields, such as the cooling and processing of food, the logistics industry of frozen stuff, chemical industry, energy, and food and beverage, among others.
SQUARE TECHNOLOGY GROUP CO.,LTD 
