CMST Development Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 04:28 am
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CMST Development Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 15,816.24 million compared to CNY 13,175.93 million a year ago. Revenue was CNY 15,817.59 million compared to CNY 13,177.92 million a year ago. Net income was CNY 325.9 million compared to CNY 56.27 million a year ago. Basic earnings per share from continuing operations was CNY 0.1502 compared to CNY 0.0259 a year ago. Diluted earnings per share from continuing operations was CNY 0.1502 compared to CNY 0.0259 a year ago.
CMST Development Co Ltd is a China-based company mainly engaged in warehousing and logistics business. The Company conducts business through two segments. The Logistics Business segment is engaged in the construction and operation of transportation platforms and comprehensive services of warehousing and logistics infrastructure, including comprehensive warehousing services, futures and spot delivery services, and international freight forwarding services. The Commodity Circulation Business segment focuses on the steel, nonferrous metals, rubber and plastics, and coal industries, providing supply chain integrated services integrating trade, logistics, and finance. The Company mainly conducts its business in the domestic market.