Suofeiya Home Collection Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 28, 2021 at 04:31 am EDT
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Suofeiya Home Collection Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 1,760.281 million compared to CNY 763.387 million a year ago. Operating income was CNY 137.667 million compared to operating loss of CNY 21.717 million a year ago. Net income was CNY 117.865 million compared to net loss of CNY 16.546 million a year ago. Basic earnings per share from continuing operations was CNY 0.1292 compared to basic loss per share from continuing operations of CNY 0.0181 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.
SUOFEIYA HOME COLLECTION CO., LTD. 
