CIMC Vehicles Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 26, 2022 at 09:40 am EDT
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CIMC Vehicles (Group) Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 5,132.29 million compared to CNY 6,869.74 million a year ago. Net income was CNY 124.46 million compared to CNY 202.86 million a year ago. Basic earnings per share from continuing operations was CNY 0.06 compared to CNY 0.11 a year ago. Diluted earnings per share from continuing operations was CNY 0.06 compared to CNY 0.11 a year ago.
CIMC Vehicles Group Co Ltd is a China-based company principally engaged in the production, manufacturing and sales of semi-trailers, special-purpose vehicle tops and complete vehicles, refrigerated vans and complete vehicles. Its semi-trailer products include container frame vehicles, flatbed vehicles and their derivatives, side curtain semi-trailers, van semi-trailers, refrigerated semi-trailers, tank semi-trailers and special category semi-trailers. Special-purpose vehicle top and complete vehicle products include urban dump truck top and complete vehicles, concrete mixer top and complete vehicles. Semi-trailer and special vehicle parts include various parts in the operation and maintenance process of various models, mainly axles, tires, axle ends and braking systems. The Company conducts its businesses both in the domestic market and overseas markets.