Bohai Automotive Systems CO., LTD. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 22, 2022 at 12:39 pm EDT
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Bohai Automotive Systems CO., LTD. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 1,051.16 million compared to CNY 1,218.68 million a year ago. Revenue was CNY 1,051.16 million compared to CNY 1,218.68 million a year ago. Net loss was CNY 20.25 million compared to net income of CNY 4.57 million a year ago. Basic loss per share from continuing operations was CNY 0.0213 compared to basic earnings per share from continuing operations of CNY 0.0048 a year ago. Diluted loss per share from continuing operations was CNY 0.0213 compared to diluted earnings per share from continuing operations of CNY 0.0048 a year ago.
Bohai Automotive Systems Co Ltd, formerly Shandong Binzhou Bohai Piston Co Ltd, is a China-based company mainly engaged in the design, development, manufacturing and sales of pistons and other auto parts. The Company's main products include pistons and components, lightweight auto parts, auto wheels, auto air conditioners, shock absorbers, exhaust systems, fuel tanks, etc. Its products are mainly used in new energy vehicles and light-weight components of traditional vehicles, automotive powertrain components, chassis assembly components and heat exchange system components. The Company operates its businesses in domestic and overseas markets.