Shanghai Hi-Road Food Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 21, 2022 at 08:38 pm IST
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Shanghai Hi-Road Food Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 214.96 million compared to CNY 156.93 million a year ago. Revenue was CNY 214.96 million compared to CNY 156.93 million a year ago. Net income was CNY 32.21 million compared to CNY 16.41 million a year ago. Basic earnings per share from continuing operations was CNY 0.3579 compared to CNY 0.1824 a year ago. Diluted earnings per share from continuing operations was CNY 0.3579 compared to CNY 0.1824 a year ago.
Shanghai Hi-Road Food Technology Co Ltd is a China-based company mainly engaged in the research and development, production and sales of non-dairy cream, chocolate, jam and other baked food ingredients. The Company's main products are non-dairy cream series. The Company's non-dairy cream products are divided into two categories: creamy non-dairy cream and non-creamy non-dairy cream, which are used in the surface decoration and filling of cakes and pastries. Its chocolate products are mainly used for the surface decoration of cakes and pastries, as well as fillings such as bread and moon cakes. Its jam products are mainly used for filling and smear decoration of cakes and pastries. It also produces and sells flavor and fragrance products. The Company conducts its businesses within the China market and to overseas markets such as India, Thailand, Vietnam and Malaysia.