Wushang Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 05:31 am EDT
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Wushang Group Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 1,873.54 million compared to CNY 2,003.1 million a year ago. Revenue was CNY 1,873.54 million compared to CNY 2,003.1 million a year ago. Net income was CNY 175.82 million compared to CNY 267.19 million a year ago. Basic earnings per share from continuing operations was CNY 0.23 compared to CNY 0.35 a year ago. Diluted earnings per share from continuing operations was CNY 0.23 compared to CNY 0.35 a year ago.
Wushang Group Co Ltd, formerly Wuhan Department Store Group Co Ltd, is a China-based company mainly engaged in merchandise sales business in shopping malls and supermarkets. The Company operates through department stores and supermarket chains. The Company is also engaged in real estate business. The Company mainly sells fruits and vegetables, livestock products, aquatic products, daily ingredients, grain and oil, seasonings, leisure food, beverages, cosmetic washing, shoes and hats, needle cotton, leisure department stores and other commodities. The Company mainly conducts its businesses in Hubei Province, China.