Jiangsu Rutong Petro-Machinery Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2023
April 28, 2023 at 02:30 pm EDT
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Jiangsu Rutong Petro-Machinery Co., Ltd reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 73.65 million compared to CNY 67.55 million a year ago. Revenue was CNY 73.65 million compared to CNY 67.55 million a year ago.
Net income was CNY 14.29 million compared to CNY 13.84 million a year ago. Basic earnings per share from continuing operations was CNY 0.07 compared to CNY 0.07 a year ago. Diluted earnings per share from continuing operations was CNY 0.07 compared to CNY 0.07 a year ago.
Jiangsu Rutong Petro-Machinery Co., Ltd. is a China-based company principally engaged in the research, design, manufacture and distribution of petroleum drilling wellhead equipment. Its products mainly include hanging tools, fastening tools, clamping tools and other tools. Other tools include bushing series, spider series, as well as bit breaker series. The Companyâs products are mainly applied in the petroleum engineering technical service companies. The Company distributes its products within domestic market and to overseas markets, including Middle East, Africa, North America, Central and South America, as well as Russia, among others.
JIANGSU RUTONG PETRO-MACHINERY CO., LTD 
