Xinhu Zhongbao Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 29, 2021
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Xinhu Zhongbao Co.,Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced total revenue was CNY 2,136.593 million compared to CNY 1,533.647 million a year ago. Operating income was CNY 501.575 million compared to CNY 143.201 million a year ago. Net income was CNY 509.037 million compared to CNY 135.684 million a year ago. Basic earnings per share from continuing operations was CNY 0.06 compared to CNY 0.016 a year ago.
Xinhu Zhongbao Co Ltd is a China-based company principally engaged in the development and sales of real estate. The Company operates its businesses through four segments. The Real Estate segment is principally engaged in the development and sales of real estate. The Commercial Trading segment is mainly engaged in commercial trading business. The Tidal Flat Development segment is mainly engaged in the Tidal Flat Development business. The Other segments are mainly engaged in property management and investment businesses. The Company's real estate projects include residential construction projects, office building projects, and commercial construction projects. The Company's real estate business is distributed in China's Zhejiang Province, Shandong Province, Liaoning Province, Jiangsu Province, Jiangxi Province, Tianjin City and Shanghai City.
XINHU ZHONGBAO CO.,LTD. 
