Black Peony Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 25, 2022 at 09:04 am EDT
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Black Peony (Group) Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 968.24 million compared to CNY 2,237.23 million a year ago. Revenue was CNY 968.24 million compared to CNY 2,237.23 million a year ago. Net income was CNY 29.24 million compared to CNY 210.85 million a year ago. Basic earnings per share from continuing operations was CNY 0.03 compared to CNY 0.21 a year ago. Diluted earnings per share from continuing operations was CNY 0.03 compared to CNY 0.21 a year ago.
Black Peony Group Co Ltd is a China-based company mainly engaged in urban construction business. The Company operates three segments. Urban Construction segment is engaged in new urbanization construction business, including infrastructure construction, affordable housing construction, real estate development, development and operation of characteristic industrial science and technology parks, transformation and operation of cultural and creative parks and other real estate businesses. Textile segment is engaged in fabric production, garment processing and brand operation. Others segment include pre-land development projects, vast hectares of fertile land engineering projects and digital energy infrastructure business. The Company mainly conducts businesses within the domestic market.