Zhejiang Tieliu Clutch Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 28, 2020 at 11:12 am EDT
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Zhejiang Tieliu Clutch Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 280.290 million compared to CNY 384.725 million a year ago. Operating income was CNY 26.215 million compared to CNY 30.743 million a year ago. Net income was CNY 22.041 million compared to CNY 27.039 million a year ago. Basic earnings per share from continuing operations was CNY 0.14 compared to CNY 0.17 a year ago.
Tieliu Co Ltd, formerly Zhejiang Tieliu Clutch Co Ltd, is a China-based company mainly engaged in the research and development, production and sales of automotive parts. The Company's main products include automotive clutches, clutch bearings, hydraulic bearings, hydraulic torque converters and brake pads, engine high-pressure common rail system injectors, new energy vehicle motor shafts, silicon controlled rectifier (SCR) components for automotive exhaust gas purification systems, etc. The Company distributes its products within the domestic market and to overseas markets.
TIELIU CO,.LTD 