Suofeiya Home Collection Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 05:08 am EDT
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Suofeiya Home Collection Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 1,998.51 million compared to CNY 1,760.28 million a year ago. Revenue was CNY 1,998.51 million compared to CNY 1,760.28 million a year ago. Net income was CNY 114.48 million compared to CNY 117.87 million a year ago. Basic earnings per share from continuing operations was CNY 0.1262 compared to CNY 0.1292 a year ago. Diluted earnings per share from continuing operations was CNY 0.1262 compared to CNY 0.1292 a year ago.
Suofeiya Home Collection Co., Ltd. specialized in the design, manufacture and marketing of custom cabinets and furniture under the Suofeiya brand. In addition, the group manufactures kitchen furniture under the Schmidt brand, wooden doors and windows under the Milanna brand, and laminated wood flooring.
At the end of 2018, Suofeiya Home Collection had 7 production sites in China.
Products are marketed through a network of more than 3,800 stores located in China.
China accounts for 95.5% of net sales.