Aeolus Tyre Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 07:59 am EDT
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Aeolus Tyre Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 1,052.91 million compared to CNY 1,545.84 million a year ago. Revenue was CNY 1,052.91 million compared to CNY 1,545.84 million a year ago. Net loss was CNY 41.25 million compared to net income of CNY 27.28 million a year ago. Basic loss per share from continuing operations was CNY 0.06 compared to basic earnings per share from continuing operations of CNY 0.04 a year ago. Diluted loss per share from continuing operations was CNY 0.06 compared to diluted earnings per share from continuing operations of CNY 0.04 a year ago.
AEOLUS TYRE CO., LTD. is a China-based company, principally engaged in the manufacture and distribution of tires and tire-related raw materials. The Company provides tires applied in trucks and passenger cars and engineering machinery under Fengshen, Henan, Shuangxi and Huanghai brands. The Company's products include cross-ply tires, radial tires and passenger tires. The Company distributes its products within domestic markets and to overseas markets.