Fuda Alloy Materials Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2022
April 25, 2022 at 09:31 am EDT
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Fuda Alloy Materials Co.,Ltd reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 616.49 million compared to CNY 608.72 million a year ago. Revenue was CNY 616.49 million compared to CNY 608.72 million a year ago. Net income was CNY 3.84 million compared to CNY 7.35 million a year ago. Basic earnings per share from continuing operations was CNY 0.0283 compared to CNY 0.0543 a year ago. Diluted earnings per share from continuing operations was CNY 0.0283 compared to CNY 0.0543 a year ago.
Fuda Alloy Materials Co., Ltd. is a China-based company principally engaged in the research and development, production and sales of electrical contact materials, as well as provides related technical consulting and services. The Company's main products include contact materials, multilayer contacts and contact elements. The Company's products are mainly used in relays, circuit breakers, contactors, sensors, industrial control and other fields. The Company mainly operates its business in the domestic market.