Ciwen Media Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 26, 2022 at 03:00 pm IST
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Ciwen Media Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 375.31 million compared to CNY 12.23 million a year ago. Revenue was CNY 375.31 million compared to CNY 12.23 million a year ago. Net income was CNY 44.83 million compared to net loss of CNY 16.48 million a year ago. Basic earnings per share from continuing operations was CNY 0.09 compared to basic loss per share from continuing operations of CNY 0.03 a year ago. Diluted earnings per share from continuing operations was CNY 0.09 compared to diluted loss per share from continuing operations of CNY 0.03 a year ago.
Ciwen Media Co., Ltd., formerly ZHEJIANG HEXIN INDUSTRY GROUP CO., LTD is a China-based company, principally engaged in the investment, manufacture and publication of movie and television plays, and derivative business. The Company is also engaged in the research, development and promotion of games, artist brokerage business and the provision of information technology. The Company distributes its products within domestic market and to overseas markets.