Hunan Zhongke Electric Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2021
April 27, 2022 at 04:45 am EDT
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Hunan Zhongke Electric Co., Ltd. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was CNY 2,151.12 million compared to CNY 954.52 million a year ago. Revenue was CNY 2,193.87 million compared to CNY 973.63 million a year ago. Net income was CNY 365.45 million compared to CNY 163.8 million a year ago. Basic earnings per share from continuing operations was CNY 0.5754 compared to CNY 0.26 a year ago. Diluted earnings per share from continuing operations was CNY 0.572 compared to CNY 0.2577 a year ago.
Hunan Zhongke Electric Co., Ltd. is mainly engaged in magnetoelectric equipment business and lithium negative electrode business. Its magnetoelectric equipment business is mainly engaged in the research, development, manufacture and sales of continuous casting electromagnetic stirring integrated systems (EMSs), magnetic lifting complete equipment, magnetic separators, high voltage transducers and other electromagnetic metallurgy equipment and industrial magnetic equipment. Its lithium negative electrode business mainly provides lithium anode materials. The Company distributes its products mainly in domestic market.