Innuovo Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 25, 2022 at 06:55 am EDT
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Innuovo Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 1,031.94 million compared to CNY 718.83 million a year ago. Revenue was CNY 1,031.94 million compared to CNY 718.83 million a year ago. Net income was CNY 57 million compared to CNY 38.52 million a year ago. Basic earnings per share from continuing operations was CNY 0.0503 compared to CNY 0.034 a year ago. Diluted earnings per share from continuing operations was CNY 0.0503 compared to CNY 0.034 a year ago.
INNUOVO TECHNOLOGY CO.,LTD., formerly TAIYUAN TWIN TOWER ALUMINUM OXIDE CO., LTD., is a China-based company principally engaged in the research, development, manufacture and distribution of rare-earth permanent magnetic materials and products, motor products, as well as logistics and intelligent fire equipment. The Companyâs main products include neodymium iron boron, motors, Automated Storage and Retrieval Systems (AS/RS) and diamond products. The Company operates its businesses in domestic market and overseas markets.