Xinhu Zhongbao Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 29, 2022
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Xinhu Zhongbao Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 2,108.68 million compared to CNY 2,136.59 million a year ago. Revenue was CNY 2,108.68 million compared to CNY 2,136.59 million a year ago. Net income was CNY 491.58 million compared to CNY 509.04 million a year ago. Basic earnings per share from continuing operations was CNY 0.058 compared to CNY 0.06 a year ago. Diluted earnings per share from continuing operations was CNY 0.058 compared to CNY 0.06 a year ago.
Xinhu Zhongbao Co Ltd is a China-based company principally engaged in the development and sales of real estate. The Company operates its businesses through four segments. The Real Estate segment is principally engaged in the development and sales of real estate. The Commercial Trading segment is mainly engaged in commercial trading business. The Tidal Flat Development segment is mainly engaged in the Tidal Flat Development business. The Other segments are mainly engaged in property management and investment businesses. The Company's real estate projects include residential construction projects, office building projects, and commercial construction projects. The Company's real estate business is distributed in China's Zhejiang Province, Shandong Province, Liaoning Province, Jiangsu Province, Jiangxi Province, Tianjin City and Shanghai City.