Baoji Titanium Industry Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 20, 2022 at 04:02 am EDT
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Baoji Titanium Industry Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 1,583.6 million compared to CNY 1,216.46 million a year ago. Revenue was CNY 1,583.6 million compared to CNY 1,216.46 million a year ago. Net income was CNY 193.47 million compared to CNY 96.26 million a year ago. Basic earnings per share from continuing operations was CNY 0.4049 compared to CNY 0.2158 a year ago. Diluted earnings per share from continuing operations was CNY 0.4049 compared to CNY 0.2158 a year ago.
BaoJi Titanium Industry Co Ltd is a China-based company mainly engaged in the production, processing and sales of titanium and titanium alloys. The Company's main products are various specifications of titanium and titanium alloy plates, strips, foils, tubes, bars, wires, forgings, castings and other processed materials and various metal composite products. The titanium materials in its products are mainly used in aviation, aerospace, shipbuilding, petroleum, chemical metallurgy industry and other fields. The Company distributes its products in the domestic market and overseas markets.