A-Zenith Home Furnishings Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 22, 2021 at 04:07 pm IST
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A-Zenith Home Furnishings Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 48.797 million compared to CNY 35.662 million a year ago. Operating loss was CNY 23.221 million compared to operating Income of CNY 4.746 million a year ago. Net loss was CNY 15.501 million compared to net income of CNY 3.413 million a year ago. Basic loss per share from continuing operations was CNY 0.06 compared to basic earnings per share from continuing operations of CNY 0.01 a year ago.
A-Zenith Home Furnishings Co Ltd is a China-based company mainly engaged in the production and sales of furniture products. The Company is mainly engaged in the research and development, production and sales of mid-to-high-end Shanghai-style classic and Shanghai-style modern furniture products. The Company's main products include A-Zenith, AZ 1865, AZ Maxform and WOODFORM brand series of movable furniture, Yazhen Customization whole-house customized home solutions integrating Yazhen brand movable furniture, as well as AZ HOME home supporting products. The Company's home products series include cabinets, bed sets, tables, chair frames and sofas. The Company mainly conducts its businesses in the domestic market.