Huizhong Instrumentation Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 25, 2022 at 07:50 am EDT
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Huizhong Instrumentation Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 49.78 million compared to CNY 55.18 million a year ago. Revenue was CNY 49.78 million compared to CNY 55.18 million a year ago. Net income was CNY 5.13 million compared to CNY 9.72 million a year ago. Basic earnings per share from continuing operations was CNY 0.0308 compared to CNY 0.0586 a year ago. Diluted earnings per share from continuing operations was CNY 0.0308 compared to CNY 0.0585 a year ago.
Huizhong Instrumentation Co., Ltd., formerly Tangshan Huizhong Instrumentation Co., Ltd, is a China-based company principally engaged in the research, development, production and sales of intelligent ultrasonic flow measurement products, as well as the provision of related services. The Company's main products include ultrasonic calorimeters, ultrasonic water meters and ultrasonic flowmeters. The Company's products are used in heating metering, water metering, chemical, metallurgical and petroleum fields. The Company distributes its products in the domestic market.