Tianma Bearing Group Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 09:25 am EDT
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Tianma Bearing Group Co.,Ltd reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 165.6 million compared to CNY 178.49 million a year ago. Revenue was CNY 165.6 million compared to CNY 178.49 million a year ago. Net loss was CNY 147.35 million compared to net income of CNY 13.9 million a year ago. Basic loss per share from continuing operations was CNY 0.1226 compared to basic earnings per share from continuing operations of CNY 0.0117 a year ago. Diluted loss per share from continuing operations was CNY 0.1226 compared to diluted earnings per share from continuing operations of CNY 0.0114 a year ago.
Tianma Bearing Group Co., Ltd. specializes in manufacturing and marketing bearings for the railway, automotive, naval construction, machine tools and industrial machines industries, etc. The products include ball bearings, angular contact ball bearings, spherical, conical and cylindrical roller bearings, railway bearings and precision bearings. The group also provides ball joints and slewing bearings.
China accounts for 73.5% of net sales.