Hefei Fengle Seed Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 01:43 pm IST
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Hefei Fengle Seed Co., Ltd reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 554.07 million compared to CNY 629.4 million a year ago. Revenue was CNY 554.07 million compared to CNY 629.4 million a year ago. Net income was CNY 7.3 million compared to CNY 13.74 million a year ago. Basic earnings per share from continuing operations was CNY 0.0119 compared to CNY 0.0224 a year ago. Diluted earnings per share from continuing operations was CNY 0.0119 compared to CNY 0.0224 a year ago.
Hefei Fengle Seed Co Ltd is a China-based company principally engaged in the production and sales of seeds, agrochemical products and spices. The Company is also engaged in the research and development, cultivation, storage, transportation, grain acquisition and corn silage production of crop seeds and seedlings. The Company's main products include hybrid rice seeds, hybrid corn seeds, conventional rice seeds, wheat seeds, dry land herbicides, pesticides and natural menthol. The Company mainly distributes its products in domestic and overseas markets.