Luyin Investment Group Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 29, 2022 at 09:02 am EDT
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Luyin Investment Group Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 760.92 million compared to CNY 679.8 million a year ago. Revenue was CNY 760.92 million compared to CNY 679.8 million a year ago. Net income was CNY 58.39 million compared to CNY 21.67 million a year ago. Basic earnings per share from continuing operations was CNY 0.09 compared to CNY 0.04 a year ago. Diluted earnings per share from continuing operations was CNY 0.09 compared to CNY 0.04 a year ago.
Luyin Investment Group Co Ltd is a Chinese company mainly engaged in salt and new materials business. The Company operates its business through the Powders and Products Segment, Salt Industry Segment, Textile Industry Segment, Commerce and Trading Segment and New Energy Segment. The Company's salt products include table salt and domestic salt, industrial salt, and bromine. The products are mainly used in edible and food processing, alkali industrial salt, printing and dyeing, and tanning industries. The Company's main new material products are reduction series, water atomized series steel powder and high-performance alloy special powder materials. The products are mainly used in automobiles, motorcycles, home appliances and other industries.