Jiangsu Changbao Steeltube Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2022
April 21, 2022 at 04:21 am EDT
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Jiangsu Changbao Steeltube Co.,Ltd reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 1,083.3 million compared to CNY 896.76 million a year ago. Revenue was CNY 1,083.3 million compared to CNY 896.76 million a year ago. Net income was CNY 38.92 million compared to CNY 12.8 million a year ago. Basic earnings per share from continuing operations was CNY 0.04 compared to CNY 0.01 a year ago. Diluted earnings per share from continuing operations was CNY 0.04 compared to CNY 0.01 a year ago.
Jiangsu Changbao Steeltube Co., Ltd. is a China-based company principally engaged in the research and development, production and sales of special steel pipes such as oil and gas pipes, boiler pipes and mechanical pipes. The Company's main products include oil and gas mining pipes, power stations boiler pipes, mechanical pipes and special pipes for other market segments. The Company's products are mainly used in the fields of energy and machinery industries such as oil and gas mining, power station boilers and machining. Through its subsidiaries, the Company is also engaged in the provision of general medical hospitals services. The Company distributes its products both in the domestic market and to overseas markets.