Qu Mei Home Furnishings Group Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2021
April 27, 2021 at 11:34 pm EDT
Share
Qu Mei Home Furnishings Group Co.,Ltd announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 1,149.115 million compared to CNY 839.424 million a year ago. Operating income was CNY 84.526 million compared to operating loss of CNY 41.152 million a year ago. Net income was CNY 61.402 million compared to net loss of CNY 33.862 million a year ago. Basic earnings per share from continuing operations was CNY 0.11 compared to basic loss per share from continuing operations of CNY 0.07 a year ago.
QuMei Home Furnishings Group Co., Ltd. is a China-based company engaged in the design, manufacture and sale of medium and high grade home furnishing and matching home accessories. The Company provides the customers with integrated home solutions. The Company's main product is wooden furniture, which consist of solid wood furniture, man-made board furniture and integrated furniture. Addition to the main furniture for the living room, study, bedroom, diner room, childrenâs room and customized purpose, the Company also provides mattress, curtains and other home accessories.