Zhe Jiang Hai Liang Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2022
April 29, 2022 at 04:55 am EDT
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Zhe Jiang Hai Liang Co., Ltd reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 18,546.44 million compared to CNY 15,572.55 million a year ago. Revenue was CNY 18,573.53 million compared to CNY 15,598.77 million a year ago. Net income was CNY 312.36 million compared to CNY 271.46 million a year ago. Basic earnings per share from continuing operations was CNY 0.1588 compared to CNY 0.1417 a year ago. Diluted earnings per share from continuing operations was CNY 0.1428 compared to CNY 0.1228 a year ago.
Zhejiang Hailiang Co Ltd is a China-based company mainly engaged in the research and development, production, manufacturing and sales of copper tubes, copper rods, copper foil, copper tube fittings, conductor materials, aluminum profiles and other products. The Company conducts its business through three segments. The Copper and Aluminum Processing Business segment produces copper tubes, copper rods, copper bars and copper foil and other copper and aluminum products. The Environmental Protection Materials Business segment is engaged in the research and development, production and sales of environmental protection materials and others. The Company also conducts business through the Loan Business segment. The Company's products are used in air conditioning and refrigerator refrigeration, traditional and new energy vehicles, building water pipes, seawater desalination and other industries. The Company mainly conducts business in the domestic and foreign markets.