Maiquer Group Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2020
April 29, 2020 at 02:18 pm
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Maiquer Group Co.,Ltd announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 176.492 million compared to CNY 138.821 million a year ago. Operating income was CNY 3.880 million compared to CNY 4.449 million a year ago. Net income was CNY 3.605 million compared to CNY 3.382 million a year ago. Basic earnings per share from continuing operations was CNY 0.02 compared to CNY 0.02 a year ago.
Maiquer Group CO.,LTD is a China-based food processing company. The Company is principally engaged in the manufacture of dairy products, as well as the operation of bakery chain stores. The Company's main products include dairy products (such as sterilized milk, reconstituted milk and milk-containing beverages), bakery products (including breads, cakes, Chinese and Western cakes and mooncakes) and frozen rice products. The Company distributes its products under the brand Maiquer. The Company is also involved in the research, development and processing of holiday food products. The Company operates bakery franchise stores in Xinjiang Province, Beijing and Zhejiang Province. The Company operates its business in domestic market.
MAIQUER GROUP CO.,LTD 
