ADD Industry CO., LTD Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 04:27 am EDT
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ADD Industry (Zhejiang) CO., LTD reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 359.48 million compared to CNY 328.79 million a year ago. Revenue was CNY 359.48 million compared to CNY 328.79 million a year ago. Net income was CNY 10.37 million compared to CNY 50.8 million a year ago. Basic earnings per share from continuing operations was CNY 0.05 compared to CNY 0.23 a year ago. Diluted earnings per share from continuing operations was CNY 0.05 compared to CNY 0.23 a year ago.
ADD Industry Zhejiang Co Ltd is a China-based company mainly engages in the research, development, production and sales of automotive parts and components such as automotive suspension system shock absorbers, automotive rubber shock absorbing products and engine seals. Automotive suspension system shock absorbers (also known as shock absorbers or damping shock absorbers) are mainly used in automotive suspension systems. Rubber shock absorbing products mainly include suspensions, top rubbers, bushings, dust covers and others. Engine seals mainly include cylinder gaskets, exhaust pipe gaskets, oil pan gaskets, valve cover gaskets, intake manifold gaskets, supercharger gaskets, oil seals and others. The Company mainly conducts its business in the domestic and foreign markets.