Black Peony Group Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 26, 2020 at 05:58 am EDT
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Black Peony Group Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 6,731.209 million compared to CNY 6,105.878 million a year ago. Operating income was CNY 1,538.461 million compared to CNY 1,554.888 million a year ago. Net income was CNY 711.982 million compared to CNY 640.518 million a year ago. Basic earnings per share from continuing operations was CNY 0.7 compared to CNY 0.61 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.