ZOY Home Furnishing Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 09:38 am
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ZOY Home Furnishing Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 215.5 million compared to CNY 257.09 million a year ago. Revenue was CNY 215.5 million compared to CNY 257.09 million a year ago. Net income was CNY 2.4 million compared to CNY 5.83 million a year ago. Basic earnings per share from continuing operations was CNY 0.03 compared to CNY 0.07 a year ago. Diluted earnings per share from continuing operations was CNY 0.03 compared to CNY 0.07 a year ago.
ZOY HOME FURNISHING CO., LTD. is a China-based company which is principally engaged in research and development, design, manufacture and sales of motion sofas. The Companyâs products mainly include functional sofas, fixed sofas and single lounge chairs and others, such as manual function sofa, electric function sofa, armrest push back sofas, elderly chairs, household and commercial sofas and household and commercial single leisure chairs. The Companyâs sales strategy is mainly engaged in the original equipment manufacturer (OEM). The Company distributes its products to both domestic and overseas markets, including the United States, Canada, Britain, Japan, Australia, Ireland and other markets.