NINGBO HENGSHUAI Co., LTD. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 08:48 am EDT
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NINGBO HENGSHUAI Co., LTD. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 163.7 million compared to CNY 135.54 million a year ago. Revenue was CNY 163.7 million compared to CNY 135.54 million a year ago. Net income was CNY 31.79 million compared to CNY 28.89 million a year ago. Basic earnings per share from continuing operations was CNY 0.4 compared to CNY 0.48 a year ago. Diluted earnings per share from continuing operations was CNY 0.4 compared to CNY 0.48 a year ago.
Ningbo Hengshuai Co Ltd is a China-based company mainly engaged in the production of automotive micromotors and related products. The Company mainly produces micro motors for vehicles, including trunk and side door motors, fan motors, and anti-locked braking system motors; as well as car washing pumps with micro motors as the core components, which are mainly responsible for pumping washing liquid through pipeline systems and nozzles To clean the windshield or car headlights; cleaning system products, including the washing liquid tank assembly, washing pipes, washing nozzles and liquid filling pipes. The Company distributes its products and services within the domestic market and to overseas markets.