Cedar Development Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2021
October 29, 2021 at 08:58 am
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Cedar Development Co., Ltd. reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 1,708.32 million compared to CNY 1,036.84 million a year ago. Revenue was CNY 1,708.32 million compared to CNY 1,036.84 million a year ago. Net loss was CNY 5.59 million compared to CNY 53.25 million a year ago. Basic loss per share from continuing operations was CNY 0.0103 compared to CNY 0.0979 a year ago. Diluted loss per share from continuing operations was CNY 0.0103 compared to CNY 0.0979 a year ago.
Cedar Development Co Ltd, formerly Sinoer Men's Wear Co Ltd, is a China-based company mainly engaged in the apparel industry. The Company's main business includes apparel business, supply chain management business and cultural tourism business. The apparel business is mainly responsible for the sales of branded apparel. Its products include suits, shirts and other apparel. The supply chain management business provides comprehensive solutions including multiple comprehensive services such as information flow, logistics, and capital flow. The cultural tourism business is based on the resources of first-line tourism destinations, focusing on the development of cultural tourism towns, channel integration and global tourism development. The Company's products are sold to domestic and foreign markets.