China Cyts Tours Holding Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 29, 2022 at 06:25 am
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China Cyts Tours Holding Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 1,381.46 million compared to CNY 1,398.19 million a year ago. Revenue was CNY 1,381.46 million compared to CNY 1,398.19 million a year ago. Net loss was CNY 112.05 million compared to CNY 65.19 million a year ago. Basic loss per share from continuing operations was CNY 0.1548 compared to CNY 0.0901 a year ago. Diluted loss per share from continuing operations was CNY 0.1548 compared to CNY 0.0901 a year ago.
China CYTS Tours Holding Co Ltd is a China-based company principally engaged in investment, operation and management of cultural tourism destinations and comprehensive cultural and tourism services. The Company operates five segments. Tourism Products and Services segment mainly provides travel services such as group tours and independent travel. Integrated Marketing Services segment mainly provides services such as public relations communication, sports marketing, conference management, and exhibitions. Hotel Business segment is mainly engaged in the investment and operation management of hotel chains. Scenic Spot Management and Real Estate Sales segment mainly provides scenic spot tours, rural vacation tourism services, and engages in real estate sales. Information technology (IT) Product Sales and Technical Services segment mainly sells IT infrastructure products such as media switching servers, routers, and monitoring equipment and provides welfare lottery technical services.