Cang Bao Tian Xia International Art Trade Center, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2022
May 16, 2022 at 11:30 am EDT
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Cang Bao Tian Xia International Art Trade Center, Inc. reported earnings results for the third quarter and nine months ended March 31, 2022. For the third quarter, the company reported sales was USD 1.4 million compared to negative sales of USD 0.727957 million a year ago. Net loss was USD 1.07 million compared to USD 1.75 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.02 a year ago. Diluted loss per share from continuing operations was USD 0.01 compared to USD 0.02 a year ago.
For the nine months, sales was USD 1.41 million compared to USD 0.578845 million a year ago. Net loss was USD 9.42 million compared to USD 4.15 million a year ago. Basic loss per share from continuing operations was USD 0.09 compared to USD 0.04 a year ago. Diluted loss per share from continuing operations was USD 0.09 compared to USD 0.04 a year ago.
CANG BAO TIAN XIA INTERNATIONAL ART TRADE CENTER, INC., formerly Zhongchai Machinery, Inc., through its subsidiaries, is focused on the manufacturing and distribution of drivetrain products, mainly transmission gearboxes, gears and transaxles in the Peopleâs Republic of China. These products are used for making industrial, agricultural, and construction machinery, such as forklift trucks, excavators, tractors, diesel engines and other machines. The gears produced by the Company are used for internal production of transmission gearboxes and sold mainly to Chinese diesel engine manufacturers. Zhongchai Machinery conducts all of its business operations in China through its overseas holding company, Zhongchai Holding (Hong Kong) Limited and Zhejiang Zhongchai Machinery Co., Ltd. that produces and sells transmission gearboxes, gears and transaxles.
CANG BAO TIAN XIA INTERNATIONAL ART TRADE CENTER, INC. 
