Jiangxi Hengda Hi-Tech Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 19, 2022 at 05:03 am EDT
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Jiangxi Hengda Hi-Tech Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 107.32 million compared to CNY 139.85 million a year ago. Revenue was CNY 107.32 million compared to CNY 139.85 million a year ago. Net loss was CNY 2.73 million compared to net income of CNY 10.55 million a year ago. Basic loss per share from continuing operations was CNY 0.0091 compared to basic earnings per share from continuing operations of CNY 0.0347 a year ago. Diluted loss per share from continuing operations was CNY 0.0091 compared to diluted earnings per share from continuing operations of CNY 0.0347 a year ago.
JIANGXI HENGDA HI-TECH CO.,LTD. is a China-based company principally engaged in the manufacture of industrial anti-abrasion and anti-corrosion products, as well as the provision of technical services. The Company's main products and services include Hengda Supersonic (HDS) arc spraying products, flame spraying products, plasma spraying products, mold technology (MT) series wear-resistant ceramics, monomer casting (MC) series wear-resistant materials, hard surface surfacing repair products, cold metal transfer (CMT) welding products and environmental engineering. The Company distributes its products in domestic market.