China Health Industries Holdings, Inc. Reports Earnings Results for the Third Quarter Ended March 31, 2020
May 15, 2020 at 05:21 pm
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China Health Industries Holdings, Inc. announced earnings results for the third quarter ended March 31, 2020. For the third quarter, the company announced sales was USD 2.423 million compared to USD 2.202 million a year ago. Operating income was USD 1.322 million compared to USD 1.066 million a year ago. Net income was USD 992,722 compared to USD 767,929 a year ago. Basic earnings per share from continuing operations was USD 0.015 compared to USD 0.012 a year ago. Diluted earnings per share from continuing operations was USD 0.0151 compared to USD 0.0117 a year ago. For the nine months, sales was USD 7.899 million compared to USD 7.058 million a year ago. Operating income was USD 4.312 million compared to USD 3.456 million a year ago. Net income was USD 3.175 million compared to USD 2.517 million a year ago. Basic earnings per share from continuing operations was USD 0.049 compared to USD 0.038 a year ago. Diluted earnings per share from continuing operations was USD 0.0485 compared to USD 0.0384 a year ago.
China Health Industries Holdings, Inc. is a manufacturer of health food products. The Company's principal business operations are conducted through its subsidiaries: Harbin Humankind Biology Technology Co., Limited (Humankind) and Heilongjiang Huimeijia Pharmaceutical Co., Ltd (HLJ Huimeijia). The Company has three operating segments: Humankind, HLJ Huimeijia and others. Humankind is engaged in the manufacturing and sale of health products. HLJ Huimeijia is engaged in the manufacturing and distribution of tincture; ointments; rubber paste, including hormones; topical solution, suppositories, liniment, including traditional Chinese medicine extractions; enemas, and oral liquids. As of June 30, 2016, the Company, through Humankind manufactured and sold 14 health supplement products. As of June 30, 2016, the Company, through HLJ Huimeijia manufactured and sold 21 products. The Company's products are sold through sales agents.
CHINA HEALTH INDUSTRIES HOLDINGS, INC. 
