Zhejiang Tieliu Clutch Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 26, 2021 at 05:00 am EDT
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Zhejiang Tieliu Clutch Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 423.659 million compared to CNY 280.290 million a year ago. Operating income was CNY 57.449 million compared to CNY 26.215 million a year ago. Net income was CNY 53.043 million compared to CNY 22.041 million a year ago. Basic earnings per share from continuing operations was CNY 0.33 compared to CNY 0.14 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 