Shenzhen Universe Group Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2019
October 28, 2019 at 07:17 am
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Shenzhen Universe Group Co., Ltd. announced earnings results for the nine months ended September 30, 2019. For the nine months, the company announced sales was CNY 1,267.614 million compared to CNY 995.335 million a year ago. Operating income was CNY 104.720 million compared to CNY 16.621 million a year ago. Net income was CNY 54.191 million compared to CNY 10.634 million a year ago. Basic earnings per share from continuing operations was CNY 0.391 compared to CNY 0.077 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.