Nanjing Baose Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2023
April 25, 2023 at 10:39 am EDT
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Nanjing Baose Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 461.8 million compared to CNY 323.85 million a year ago. Revenue was CNY 461.8 million compared to CNY 323.85 million a year ago.
Net income was CNY 17.37 million compared to CNY 14.16 million a year ago. Basic earnings per share from continuing operations was CNY 0.086 compared to CNY 0.0701 a year ago. Diluted earnings per share from continuing operations was CNY 0.086 compared to CNY 0.0701 a year ago.
Nanjing Baose Co Ltd is a China-based company mainly engaged in the research and development, design, manufacturing, installation, service and technical consulting of non-standard pressure vessel equipment. The non-standard pressure vessel equipment includes titanium, nickel, zirconium, tantalum, copper and other non-ferrous metals and their alloys, high-grade stainless steel and metal composite materials and other special materials. The Company also engages in the fabrication and installation of non-ferrous metal welded pressure pipes and fittings. The Company's products mainly include pressure vessels such as heat exchangers, towers, reactors, and pipe fittings. The Company's products are mainly used in industries that require anti-corrosion, high pressure resistance, and high temperature resistance equipment. The Company's products are exported to markets such as the United States, Canada, Germany, Australia, Spain, Indonesia, and Chile.
NANJING BAOSE CO., LTD. 
