Shenzhen Universe Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 11:56 am
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Shenzhen Universe Group Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 77 million compared to CNY 390.68 million a year ago. Revenue was CNY 77 million compared to CNY 390.68 million a year ago. Net loss was CNY 34.1 million compared to net income of CNY 4.17 million a year ago. Basic loss per share from continuing operations was CNY 0.2457 compared to basic earnings per share from continuing operations of CNY 0.03 a year ago. Diluted loss per share from continuing operations was CNY 0.2457 compared to diluted earnings per share from continuing operations of CNY 0.03 a year ago.
SHENZHEN UNIVERSE (GROUP) CO., LTD. is primarily engaged in the manufacture and sale of concrete and raw materials, and the operation of property management and real estate development and distribution business. The Company operates in four segments, including Commercial Concrete, Property Management, Real Estate and Leasing Services. The Company operates its real estate business in Shenzhen and other areas, including Donghai County, Lianyungang City, and Xiâan City. It is also engaged in the distribution of cement products. The Company principally operates its business in Shenzhen, Guangdong province, Hunan province and Xiâan, Shaanxi province, China.