Fengxing Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2021
April 08, 2022 at 06:47 am EDT
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Fengxing Co., Ltd. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was CNY 933.91 million compared to CNY 695.32 million a year ago. Revenue was CNY 945.04 million compared to CNY 704.42 million a year ago. Net income was CNY 95.47 million compared to CNY 60.96 million a year ago. Basic earnings per share from continuing operations was CNY 1.03 compared to CNY 0.69 a year ago. Diluted earnings per share from continuing operations was CNY 1.03 compared to CNY 0.69 a year ago.
Fengxing Co Ltd, formerly Anhui Fengxing Wear Resistant Materials Co Ltd, is a China-based company mainly engaged in high-efficiency and environmentally friendly motors and integrated system solutions for marine power business and wear-resistant materials business. The high-efficiency and environmentally friendly motors and integrated system solutions for marine power business is mainly engaged in the research and development, manufacturing, sales and service of high-efficiency and environmental-friendly generators and their application in specific scenarios. The wear-resistant materials business is specialized in the research and development, production, sales and technical services of wear-resistant materials, including high-chromium ball sections, extra-high-chromium ball sections, liners and others.
FENGXING CO., LTD. 
