Zhewen Pictures Group co.,ltd Reports Earnings Results for the First Quarter Ended March 31, 2022
April 26, 2022 at 08:30 am EDT
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Zhewen Pictures Group co.,ltd reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 743.95 million compared to CNY 535.25 million a year ago. Revenue was CNY 743.95 million compared to CNY 535.25 million a year ago. Net income was CNY 33.04 million compared to CNY 7.07 million a year ago. Basic earnings per share from continuing operations was CNY 0.03 compared to CNY 0.01 a year ago. Diluted earnings per share from continuing operations was CNY 0.03 compared to CNY 0.01 a year ago.
Zhewen Pictures Group Co Ltd, formerly Jiangsu Lugang Culture Co Ltd, is principally engaged in the manufacture and distribution of knitted woolen yarns and worsted woolen fabrics. The Company primarily provides worsted yarns, semi-worsted yarns and worsted woolen fabrics. Its products are applied in the manufacture of shirts, suits and others. The Company is also engaged in the production and distribution of traditional television (TV) series, the investment and distribution of movies, as well as the development, production and distribution of new media products such as network dramas. Through its subsidiaries, the Company also engages in hotel business. The Company conducts its businesses in domestic and overseas markets.