Qianhe Condiment and Food Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 26, 2022 at 07:04 am EDT
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Qianhe Condiment and Food Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 482.09 million compared to CNY 477.65 million a year ago. Revenue was CNY 482.09 million compared to CNY 477.65 million a year ago. Net income was CNY 55.23 million compared to CNY 39.89 million a year ago. Basic earnings per share from continuing operations was CNY 0.0576 compared to CNY 0.0416 a year ago. Diluted earnings per share from continuing operations was CNY 0.0576 compared to CNY 0.0416 a year ago.
Qianhe Condiment and Food Co Ltd is a China-based company mainly engaged in the research and development, production and sales of condiments such as soy sauce, vinegar and cooking wine. The Company's condiments, such as soy sauce and vinegar, use the trademark Qianhe and are mainly used in cooking at home and in catering businesses. The Company's products include soy sauce, vinegar, cooking wine and other products mainly caramel color, seasoning, sesame oil, oyster sauce and so on. The Company conducts its business in the domestic market.