Shenzhen Cereals Holdings Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 27, 2020 at 12:30 pm
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Shenzhen Cereals Holdings Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 1,694.255 million compared to CNY 2,570.626 million a year ago. Operating income was CNY 91.953 million compared to CNY 130.862 million a year ago. Net income was CNY 82.984 million compared to CNY 121.325 million a year ago. Basic earnings per share from continuing operations was CNY 0.072 compared to CNY 0.1053 a year ago.
Shenzhen Cereals Holdings Co Ltd is a China-based company mainly engaged in grain and oil business. The grain and oil trading business is mainly for the further processing of food and feed for customers such as large traders, feed and flour processing enterprises in the industry. The grain and oil processing business mainly deals with the processing and sale of flour, rice, edible oil and other products. The grain and oil reserve service business mainly provides dynamic grain and oil reserve services to local governments based in Shenzhen. The company also provides grain and oil circulation services such as warehousing and logistics, terminal loading and unloading, and quality inspection for upstream and downstream enterprises in the industrial chain.
SHENZHEN CEREALS HOLDINGS CO.,LTD 
