Zhejiang Changsheng Sliding Bearings Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 21, 2022 at 08:44 am EDT
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Zhejiang Changsheng Sliding Bearings Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 260.3 million compared to CNY 221.76 million a year ago. Revenue was CNY 260.3 million compared to CNY 221.76 million a year ago. Net income was CNY 30.25 million compared to CNY 41.19 million a year ago. Basic earnings per share from continuing operations was CNY 0.1 compared to CNY 0.14 a year ago. Diluted earnings per share from continuing operations was CNY 0.1 compared to CNY 0.13 a year ago.
Zhejiang Changsheng Sliding Bearings Co Ltd is a company engaged in research, development, production and sales of self-lubricating bearings. The Company's products are comprised of metal-plastic polymer self-lubricating rolled bearings, bimetallic boundary lubricating rolled bearings, metal-based self-lubricating bearings, copper-based boundary lubricating rolled bearings, non-metallic self-lubricating bearings and other bearings. The products are used in a range of industries, including automobiles, engineering machinery, port machinery, plastic machinery, agricultural machinery and so on. The Company sells its products to both domestic and international markets, including South Korea, Germany, Britain, Italy, France and Sweden.