Sinoer Men's Wear Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2019
April 14, 2020 at 04:33 am
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Sinoer Men's Wear Co., Ltd. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was CNY 3,584.739 million compared to CNY 1,720.085 million a year ago. Operating income was CNY 168.161 million compared to CNY 88.336 million a year ago. Net income was CNY 93.568 million compared to CNY 128.891 million a year ago. Basic earnings per share from continuing operations was CNY 0.172 compared to CNY 0.2369 a year ago.
Cedar Development Co Ltd, formerly Sinoer Men's Wear Co Ltd, is a China-based company mainly engaged in the apparel industry. The Company's main business includes apparel business, supply chain management business and cultural tourism business. The apparel business is mainly responsible for the sales of branded apparel. Its products include suits, shirts and other apparel. The supply chain management business provides comprehensive solutions including multiple comprehensive services such as information flow, logistics, and capital flow. The cultural tourism business is based on the resources of first-line tourism destinations, focusing on the development of cultural tourism towns, channel integration and global tourism development. The Company's products are sold to domestic and foreign markets.
CEDAR DEVELOPMENT CO.,LTD. 
