Xinhuanet Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 04:31 am EDT
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Xinhuanet Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 303.4 million compared to CNY 278.26 million a year ago. Revenue was CNY 303.4 million compared to CNY 278.26 million a year ago. Net income was CNY 20.29 million compared to CNY 6.81 million a year ago. Basic earnings per share from continuing operations was CNY 0.0391 compared to CNY 0.0131 a year ago. Diluted earnings per share from continuing operations was CNY 0.0391 compared to CNY 0.0131 a year ago.
Xinhuanet Co., Ltd. is a China-based company principally engaged in the provision of news businesses. The Company mainly operates through four segments. Internet Advertising segment is engaged in the presentation and release of Internet advertisements. Information Service segment is engaged in the multimedia information services, big data intelligent analysis services, as well as forum and conference organization services. Website Construction and Technical Service segment is involved in the construction, information release and maintenance of central government, local government and enterprise and institutionâs websites. Mobile Internet segment is engaged in the mobile media businesses, mobile value added businesses, mobile information businesses, as well as online education businesses. The Company mainly operates its business in domestic market.