Jinhong Fashion Group Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 29, 2022 at 06:17 pm
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Jinhong Fashion Group Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 1,080.27 million compared to CNY 1,072.42 million a year ago. Revenue was CNY 1,080.27 million compared to CNY 1,072.42 million a year ago. Net income was CNY 41.15 million compared to CNY 94.67 million a year ago. Basic earnings per share from continuing operations was CNY 0.14 compared to CNY 0.38 a year ago. Diluted earnings per share from continuing operations was CNY 0.13 compared to CNY 0.31 a year ago.
Jinhong Fashion Group Co.,Ltd., formerly VGRASS Fashion Co. Ltd., is principally engaged in the design, manufacture and distribution of branded lady's apparels. Through the operation of proprietary shops, the Company mainly deals with fashion lady's apparels under the brand named VGRASS. The Company provides apparels, including dresses, pants, coats, shirts, skirts, cotton coats, down garments and windbreakers, among others; knitted products, including sweater series products, as well as accessories, including bags, jewelries and scarf , among others. The Company is also engaged in manufacture and sales of handicrafts under the brand named Yunjin. Its products include handicrafts, fabrics, apparel and others.