China Cyts Tours Holding Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 29, 2022 at 06:25 am EDT
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China Cyts Tours Holding Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 1,381.46 million compared to CNY 1,398.19 million a year ago. Revenue was CNY 1,381.46 million compared to CNY 1,398.19 million a year ago. Net loss was CNY 112.05 million compared to CNY 65.19 million a year ago. Basic loss per share from continuing operations was CNY 0.1548 compared to CNY 0.0901 a year ago. Diluted loss per share from continuing operations was CNY 0.1548 compared to CNY 0.0901 a year ago.
China CYTS Tours Holding Co Ltd is a China-based company principally engaged in the provision of comprehensive tourism services. The Company's main businesses include travel agency business, integrated marketing business, hotel business and strategic investment business. The travel agency business mainly includes sightseeing tours, vacation tours, and high-end tours. The integrated marketing business mainly includes event management, public relations communication, digital marketing, exhibitions, sports marketing and other sectors. The scenic spot business mainly includes Wuzhen Tourism and Gubei Water Town. The hotel business mainly includes the operation of CYTS Shanshui Hotel. The strategic investment business mainly includes information technology (IT) hardware agency and system integration business, welfare lottery technical service business and CYTS building leasing business. The Company mainly operates its businesses in the domestic market and overseas markets.