Guilin Fuda Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 29, 2020 at 02:11 pm EDT
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GUILIN FUDA Co.,Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 306.737 million compared to CNY 383.343 million a year ago. Operating income was CNY 33.704 million compared to CNY 52.260 million a year ago. Net income was CNY 29.512 million compared to CNY 46.222 million a year ago. Basic earnings per share from continuing operations was CNY 0.05 compared to CNY 0.077 a year ago.
GUILIN FUDA Co.,Ltd. is a China-based company principally engaged in the research, development, production and sale of automotive components. The Company's main products include automotive components, such as engine crankshafts, automotive clutches and spiral bevel gears, as well as precision forgings, such as engine crankshaft blanks and automotive front beams. The Company's products are mainly used in commercial vehicles, passenger cars and new energy vehicles. The Company distributes its products in domestic market and to overseas markets.
GUILIN FUDA CO.,LTD. 
