Nanjing Quanxin Cable Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 25, 2022 at 07:50 am EDT
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Nanjing Quanxin Cable Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 304.42 million compared to CNY 216.47 million a year ago. Revenue was CNY 304.42 million compared to CNY 216.47 million a year ago. Net income was CNY 54.83 million compared to CNY 38.87 million a year ago. Basic earnings per share from continuing operations was CNY 0.1756 compared to CNY 0.1337 a year ago. Diluted earnings per share from continuing operations was CNY 0.1744 compared to CNY 0.1325 a year ago.
NANJING QUANXIN CABLE TECHNOLOGY CO., LTD. is a China-based company principally engaged in the research and development, production and sales of anti-defense military optical cables and components, optoelectronic components, FC optical fiber bus switching systems, optoelectronic integrated equipments and heat transmission products. The Company's main products include fluorine plastic cables, polyolefin cables, other insulation cables and cable assemblies. The Company's products are mainly used in the five military fields of aerospace, aviation, shipbuilding, military electronics and weapons. In addition, The Company is also engaged in the design, assembly and production of water treatment equipments through its subsidiary. The Company mainly operates its business in the domestic market.
NANJING QUANXIN CABLE TECHNOLOGY CO., LTD. 
