Wolong Real Estate Group Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 28, 2021 at 10:50 am EDT
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Wolong Real Estate Group Co.,Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 483.250 million compared to CNY 352.585 million a year ago. Operating income was CNY 164.763 million compared to CNY 115.330 million a year ago. Net income was CNY 124.209 million compared to CNY 88.703 million a year ago. Basic earnings per share from continuing operations was CNY 0.1774 compared to CNY 0.1267 a year ago. Diluted earnings per share from continuing operations was CNY 0.1772 compared to CNY 0.1267 a year ago.
Wolong Resources Group Co Ltd, formerly Wolong Real Estate Group Co Ltd, is a China-based company principally engaged in the development and sales of properties. The Company's projects are mainly situated in Wuhan, Qingyuan and Shaoxing. The Company is also engaged in property management business. The Company operates its businesses principally in East China, Middle China and South China. Through its subsidiaries, it is also involved in the property development and operation, hotel operation, as well as landscape construction, among others.