Guangxi Fenglin Wood Industry Group Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 11:38 am
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Guangxi Fenglin Wood Industry Group Co.,Ltd reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 376.32 million compared to CNY 390.72 million a year ago. Revenue was CNY 376.32 million compared to CNY 390.72 million a year ago. Net income was CNY 31.85 million compared to CNY 17.79 million a year ago. Basic earnings per share from continuing operations was CNY 0.028 compared to CNY 0.016 a year ago. Diluted earnings per share from continuing operations was CNY 0.028 compared to CNY 0.016 a year ago.
Guangxi Fenglin Wood Industry Group Co., Ltd is a China-based company, principally engaged in the manufacture and sales of artificial boards. Its artificial boards mainly include fiber boards, plywood and shaving boards. The Company's fiber boards are mainly applied in furniture, wood floor buildings, decorations, middle and high cars and ship fitments, handicraft products, high grade loudspeaker boxes, instruments and electronics, among others. Its shaving boards are applied in furniture manufacture, interior finishing and architectural ornament. The Company is also engaged in forest management and restoration business, including growing trees planting, stock growing, as well as woods and stocks distribution.