Rightway Holdings Co.,ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 05:20 am
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Rightway Holdings Co.,ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 123.06 million compared to CNY 226.3 million a year ago. Revenue was CNY 123.06 million compared to CNY 226.3 million a year ago. Net loss was CNY 34.48 million compared to CNY 14.19 million a year ago. Basic loss per share from continuing operations was CNY 0.0228 compared to CNY 0.0094 a year ago. Diluted loss per share from continuing operations was CNY 0.0228 compared to CNY 0.0094 a year ago.
Rightway Holdings Co Ltd, formerly Sichuan Guodong Construction Co Ltd, is a China-based company principally engaged in the business of new material manufacturing and industry-city integration. The Company primarily operates its businesses through four segments. The Manufacturing Business segment is mainly engaged in the production and sales of fiberboards. The Zhengyuan International Hui Project segment mainly invests in the construction of the Shuangliu Zhengyuan International Hui Industry and City Integration Project. The Service Business segment is mainly engaged in hotel management business. The Engineering Business segment is mainly engaged in construction and installation business. Through its subsidiary, the Company is also engaged in financial investment business.