Qianhe Condiment and Food Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 24, 2020 at 05:03 am EDT
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Qianhe Condiment and Food Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 359.375 million compared to CNY 290.643 million a year ago. Operating income was CNY 84.621 million compared to CNY 60.649 million a year ago. Net income was CNY 70.396 million compared to CNY 50.525 million a year ago. Basic earnings per share from continuing operations was CNY 0.1511 compared to CNY 0.1549 a year ago. Diluted earnings per share from continuing operations was CNY 0.1487 compared to CNY 0.1486 a year ago.
Qianhe Condiment and Food Co Ltd is a China-based company mainly engaged in the research and development, production and sales of condiments such as soy sauce, vinegar and cooking wine. The Company's condiments, such as soy sauce and vinegar, use the trademark Qianhe and are mainly used in cooking at home and in catering businesses. The Company's products include soy sauce, vinegar, cooking wine and other products mainly caramel color, seasoning, sesame oil, oyster sauce and so on. The Company conducts its business in the domestic market.
QIANHE CONDIMENT AND FOOD CO., LTD. 
