Hongbo Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 29, 2022 at 06:28 am EDT
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Hongbo Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 118.93 million compared to CNY 163.07 million a year ago. Revenue was CNY 118.93 million compared to CNY 163.07 million a year ago. Net loss was CNY 12.79 million compared to net income of CNY 12.46 million a year ago. Basic loss per share from continuing operations was CNY 0.0259 compared to basic earnings per share from continuing operations of CNY 0.0253 a year ago. Diluted loss per share from continuing operations was CNY 0.0259 compared to diluted earnings per share from continuing operations of CNY 0.0253 a year ago.
HONGBO CO., LTD. is a China-based company principally engaged in the printing of commercial bills. The Company's main products are heat sensitive paper tickets, general paper tickets and packaging office used paper products, including tax bill series, certificate series, lottery ticket series, direct mail series, flat adhesive sticker labels, roll adhesive sticker labels, books and magazines, liquor box packages, food packages, cosmetics packages, as well as medicine packages, among others. The Company distributes its products within domestic and overseas markets.