Sinoer Men's Wear Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2019
October 28, 2019 at 07:28 am
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Sinoer Men's Wear Co., Ltd. announced earnings results for the nine months ended September 30, 2019. For the nine months, the company announced sales was CNY 2,803.917 million compared to CNY 991.923 million a year ago. Operating income was CNY 100.429 million compared to CNY 17.346 million a year ago. Net income was CNY 85.752 million compared to CNY 79.405 million a year ago. Basic earnings per share from continuing operations was CNY 0.1576 compared to CNY 0.146 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. 
