Sanquan Food Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 19, 2022 at 10:23 am
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Sanquan Food Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 2,342.5 million compared to CNY 2,331.14 million a year ago. Revenue was CNY 2,342.5 million compared to CNY 2,331.14 million a year ago. Net income was CNY 260.95 million compared to CNY 175.89 million a year ago. Basic earnings per share from continuing operations was CNY 0.3 compared to CNY 0.2 a year ago. Diluted earnings per share from continuing operations was CNY 0.3 compared to CNY 0.2 a year ago.
Sanquan Food Co.,Ltd, formerly Zhengzhou Sanquan Foods Co., Ltd, is a China-based company principally engaged in the production and distribution of quick-frozen food products. The Company's main products are quick frozen food products made of wheat flour and rice, including quick-frozen glutinous rice balls, quick-frozen boiled dumplings, quick-frozen rice dumplings and quick-frozen flour pastry products. In addition, the Company also produces room temperature convenient food. The Company distributes its products mainly in domestic markets.