Shanghai No.1 Pharmacy Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 29, 2021 at 05:33 pm
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Shanghai No.1 Pharmacy Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 330.419 million compared to CNY 502.080 million a year ago. Operating income was CNY 14.723 million compared to CNY 24.581 million a year ago. Net income was CNY 10.052 million compared to CNY 18.638 million a year ago. Basic earnings per share from continuing operations was CNY 0.0451 compared to CNY 0.0835 a year ago.
Shanghai No.1 Pharmacy Co Ltd is a China-based company primarily engaged in the retail and wholesale business of pharmaceuticals. The retail business model mainly purchases medicines, food, medical equipment, health convenience products and other commodities from upstream suppliers, and then retails them to end consumers. The wholesale business model mainly purchases medicines and other commodities from upstream suppliers and then sells them to terminal medical institutions or other pharmaceutical and other commodity circulation companies.