Cmst Development Co.,Ltd. Reports Earnings Results for the Full Year Ended December 31, 2020
April 09, 2021 at 11:33 am
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CMST Development Co.,Ltd. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was CNY 48,815.769 million compared to CNY 40,357.723 million a year ago. Operating income was CNY 833.465 million compared to CNY 533.206 million a year ago. Net income was CNY 566.822 million compared to CNY 279.561 million a year ago. Basic earnings per share from continuing operations was CNY 0.2612 compared to CNY 0.1283 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.
CMST DEVELOPMENT CO.,LTD. 
