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Zhongxin Fruit reverses to earnings of RMB47.4 mil in FY2022, boosted by RMB27.5 million settlement payout

Bryan Wu
Bryan Wu • 2 min read
Zhongxin Fruit reverses to earnings of RMB47.4 mil in FY2022, boosted by RMB27.5 million settlement payout
Revenue for the FY2022 stood at RMB141.8 million, 8.4% higher y-o-y
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Zhongxin Fruit has announced earnings of RMB47.43 million ($9.63 million) for the FY2022 ended June, reversing from its RMB3.87 million loss in the FY2021.

For the period, earnings per share (EPS) stood at RMB4.49 on a fully diluted basis.

Revenue for the FY2022 stood at RMB141.8 million, 8.4% higher y-o-y. In the same period, the group recorded higher sales volume due to higher customer demand for concentrated fruit juices. The group’s cost of sales remained relatively stagnant at RMB104.3 million, down 2.3% from FY2021.

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