CMST Development Co.,Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 30, 2020 at 05:57 am
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CMST Development Co.,Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 33,259.453 million compared to CNY 33,244.004 million a year ago. Operating income was CNY 198.963 million compared to CNY 350.596 million a year ago. Net income was CNY 271.558 million compared to CNY 263.765 million a year ago. Basic earnings per share from continuing operations was CNY 0.1251 compared to CNY 0.121 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.