China Wuyi Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2023
April 25, 2023 at 07:11 am
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China Wuyi Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 617.16 million compared to CNY 884.24 million a year ago. Revenue was CNY 617.16 million compared to CNY 884.24 million a year ago.
Net loss was CNY 95.32 million compared to net income of CNY 10.49 million a year ago. Basic loss per share from continuing operations was CNY 0.0607 compared to basic earnings per share from continuing operations of CNY 0.0067 a year ago. Diluted loss per share from continuing operations was CNY 0.0607 compared to diluted earnings per share from continuing operations of CNY 0.0067 a year ago.
CHINAWUYICO.,LTD. is a China-based company principally engaged in the undertaking of construction engineering projects and the development of real estates. The Companyâs construction contracting projects include building construction engineering projects, such as residential buildings, hospitals and convention centers, as well as public infrastructure projects, such as highways, bridges and airports. The Companyâs real estate products include apartments, villas, shopping malls, office building and hotels, among others. The Company is also involved in international trading, property management, building materials production and engineering supervision businesses. The Company operates its business in domestic and overseas markets.