Cedar Development Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 29, 2022 at 07:01 pm IST
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Cedar Development Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 324.06 million compared to CNY 252.13 million a year ago. Revenue was CNY 324.06 million compared to CNY 252.13 million a year ago. Net loss was CNY 2.33 million compared to CNY 5.07 million a year ago. Basic loss per share from continuing operations was CNY 0.0043 compared to CNY 0.0093 a year ago. Diluted loss per share from continuing operations was CNY 0.0043 compared to CNY 0.0093 a year ago.
Cedar Development Co Ltd, formerly Sinoer Men's Wear Co Ltd, is a China-based company mainly engaged in the apparel industry. The Company's main business includes apparel business, supply chain management business and cultural tourism business. The apparel business is mainly responsible for the sales of branded apparel. Its products include suits, shirts and other apparel. The supply chain management business provides comprehensive solutions including multiple comprehensive services such as information flow, logistics, and capital flow. The cultural tourism business is based on the resources of first-line tourism destinations, focusing on the development of cultural tourism towns, channel integration and global tourism development. The Company's products are sold to domestic and foreign markets.