Shenzhen Universe Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 06:56 am
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Shenzhen Universe Group Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 77 million compared to CNY 390.68 million a year ago. Revenue was CNY 77 million compared to CNY 390.68 million a year ago. Net loss was CNY 34.1 million compared to net income of CNY 4.17 million a year ago. Basic loss per share from continuing operations was CNY 0.2457 compared to basic earnings per share from continuing operations of CNY 0.03 a year ago. Diluted loss per share from continuing operations was CNY 0.2457 compared to diluted earnings per share from continuing operations of CNY 0.03 a year ago.
Shenzhen Universe Group Co Ltd is a China-based company mainly engaged in the production and sale of commercial concrete. The Company is also engaged in real estate development, property management, leasing, and others. The Company's main product is ready-mixed concrete. The main raw materials and energy for the production of ready-mixed concrete are cement, mineral powder, sand, gravel, admixtures and electricity. The Company's current real estate business is mainly focused on commercial properties and ordinary residential properties. The Company mainly operates its businesses in the domestic market.