Sunny Loan Top Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 05:14 am EDT
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Sunny Loan Top Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 46.69 million compared to CNY 33.27 million a year ago. Revenue was CNY 74.42 million compared to CNY 60.18 million a year ago. Net income was CNY 12 million compared to CNY 19.63 million a year ago. Basic earnings per share from continuing operations was CNY 0.026 compared to CNY 0.043 a year ago. Diluted earnings per share from continuing operations was CNY 0.026 compared to CNY 0.043 a year ago.
Sunny Loan Top Co Ltd is a China-based company mainly engaged in pawn, guarantee, financial leasing, special assets and quasi-financial investment businesses. The pawn business is mainly engaged in pledging or mortgaging its movable properties, real estate, and property rights to the pawn company as pawn materials and obtaining the pawn money. The guarantee business is mainly engaged in non-financing guarantee business and financing guarantee business. The financial leasing business is mainly engaged in financial leasing. The quasi-financial investment business is mainly engaged in indirect capital income business, capital market investment business and other equity investment businesses. The special assets business is mainly engaged in the acquisition of debt asset packages held by local AMC companies or other private entities through indirect acquisitions through the establishment of partnerships, direct participation in public auction acquisitions, or direct agreement transfers.