Jiangsu Rutong Petro-Machinery Co., Ltd Reports Earnings Results for the Full Year Ended December 31, 2022
April 13, 2023 at 04:08 am EDT
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Jiangsu Rutong Petro-Machinery Co., Ltd reported earnings results for the full year ended December 31, 2022. For the full year, the company reported sales was CNY 305.18 million compared to CNY 268.78 million a year ago. Revenue was CNY 306.93 million compared to CNY 269.76 million a year ago.
Net income was CNY 81.14 million compared to CNY 55.54 million a year ago. Basic earnings per share from continuing operations was CNY 0.39 compared to CNY 0.27 a year ago. Diluted earnings per share from continuing operations was CNY 0.39 compared to CNY 0.27 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 
