Wangfujing Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 29, 2022 at 04:16 am EDT
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Wangfujing Group Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 3,314.36 million compared to CNY 3,455.28 million a year ago. Revenue was CNY 3,314.36 million compared to CNY 3,455.28 million a year ago. Net income was CNY 376.85 million compared to CNY 315.49 million a year ago. Basic earnings per share from continuing operations was CNY 0.333 compared to CNY 0.278 a year ago. Diluted earnings per share from continuing operations was CNY 0.332 compared to CNY 0.277 a year ago.
Wangfujing Group Co., Ltd., formerly Beijing Wangfujing Department Store (Group) Co., Ltd., is a China-based company, principally engaged in general merchandise retailing business. The Company operates and manages general department stores, which deal with commodities such as apparels, food, footwear, hats, cosmetics, bedding products and general merchandise, among others. The Company is also engaged in the property leasing business. The Company operates its business through domestic markets.