NBTM New Materials Group Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2021
October 26, 2021 at 03:57 am EDT
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NBTM New Materials Group Co., Ltd. reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 2,691.03 million compared to CNY 2,252.21 million a year ago. Revenue was CNY 2,691.03 million compared to CNY 2,252.21 million a year ago. Net income was CNY 84.65 million compared to CNY 48.38 million a year ago. Basic earnings per share from continuing operations was CNY 0.14 compared to CNY 0.08 a year ago. Diluted earnings per share from continuing operations was CNY 0.14 compared to CNY 0.08 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.