Longhua Technology Group Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 04:40 am EDT
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Longhua Technology Group Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 571.08 million compared to CNY 382.56 million a year ago. Revenue was CNY 571.08 million compared to CNY 382.56 million a year ago. Net income was CNY 65.7 million compared to CNY 55.14 million a year ago. Basic earnings per share from continuing operations was CNY 0.07 compared to CNY 0.06 a year ago.
Longhua Technology Group Luoyang Co Ltd, formerlyLuoyang Longhua Heat Transfer & Energy Conservation Co Ltd, is a China-based company mainly engaged in the research and development and innovation of energy-saving and environmental protection equipment. The Company mainly operates three businesses. Energy conservation and environmental protection business includes industrial heat transfer energy conservation business, environmental protection business and extraction and separation business. The electronic new materials business is engaged in the research, development and production of high-purity molybdenum and molybdenum alloy targets, silver alloy targets and other products, which are used in the nuclear industry, single crystal silicon and other fields. The polymer composite material business's products include resin composite materials, structural foam materials and other structural and functional integrated materials.