Nanjing Yunhai Special Metals Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 03:42 am EDT
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Nanjing Yunhai Special Metals Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 2,501.87 million compared to CNY 1,737.04 million a year ago. Revenue was CNY 2,501.87 million compared to CNY 1,737.04 million a year ago. Net income was CNY 303.74 million compared to CNY 75.43 million a year ago. Basic earnings per share from continuing operations was CNY 0.4699 compared to CNY 0.1167 a year ago. Diluted earnings per share from continuing operations was CNY 0.4699 compared to CNY 0.1167 a year ago.
Baowu Magnesium Technology Co Ltd, formerly Nanjing Yunhai Special Metals Co Ltd, is a China-based company mainly engaged in the production, deep processing and sales of magnesium and aluminum alloy materials. The Company's main products include aluminum alloys, magnesium alloys, magnesium alloy automotive die castings, aluminum extruded micro-air conditioning flat tubes, master alloys, aluminum extruded automotive structural parts and strontium metal. The Company's products are mainly used in automotive lightweighting, consumer electronics, construction and other fields. The Company is also engaged in the development of instrument panel brackets, seat brackets and vehicle electronics for traditional and new energy vehicles, as well as the development of magnesium alloy die castings. The Company mainly conducts its businesses in domestic and overseas markets.
BAOWU MAGNESIUM TECHNOLOGY CO., LTD. 
