Xiangcai Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 29, 2021 at 12:39 pm EDT
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Xiangcai Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 577.916 million compared to CNY 123.522 million a year ago. Operating income was CNY 177.901 million compared to CNY 143.040 million a year ago. Net income was CNY 124.535 million compared to CNY 116.352 million a year ago. Basic earnings per share from continuing operations was CNY 0.0464 compared to CNY 0.0452 a year ago.
XIANGCAI CO., LTD, formerly Harbin High-Tech (Group) Co., Ltd, is a China-based company principally engaged in the real estate business. The Company is also involved in soybean deep processing, pharmaceutical production and waterproofing membrane manufacturing and sales businesses. Its real estate business is engaged in residential and industrial real estates development business, as well as property management business. Its soybean deep processing business provides soybean protein isolate, soybean tissue protein and soybean nutritious food. Its pharmaceutical business is mainly engaged in the production and marketing of thymopeptide enteric-coated tablets and other drugs for the treatment of immune system. Its waterproof coil business is engaged in the manufacture and sales of polyethylene polypropylene fiber coils, load-bearing coil and joint profiles.