NBTM New Materials Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 29, 2022 at 04:14 am EDT
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NBTM New Materials Group Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 889.95 million compared to CNY 858.31 million a year ago. Revenue was CNY 889.95 million compared to CNY 858.31 million a year ago. Net income was CNY 6.89 million compared to CNY 45.18 million a year ago. Basic earnings per share from continuing operations was CNY 0.01 compared to CNY 0.07 a year ago. Diluted earnings per share from continuing operations was CNY 0.01 compared to CNY 0.07 a year ago.
NBTM New Materials Group Co., Ltd. is a China-based company principally engaged in the production and sales of powder metallurgy machinery parts and soft magnetic materials. The Company's powder metallurgy machinery products include automotive parts, motorcycle parts and home appliance parts. The Company's powder metallurgy machinery parts are mainly applied in engines, gearboxes, chassis, compressors of air conditioners and refrigerators and motorcycle clutches. The Companyâs soft magnetic materials include gold powder, iron cores and alloy magnetic powder cores, among others, which are used for electrical equipment and electronic equipment. The Company distributes its products in domestic market and to overseas markets, including the North America, Europe, Japan, Korea and other areas.
NBTM NEW MATERIALS GROUP CO., LTD. 
