Ningbo Huaxiang Electronic Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 27, 2021 at 12:20 pm EDT
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Ningbo Huaxiang Electronic Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 4,334.719 million compared to CNY 2,740.403 million a year ago. Operating income was CNY 368.048 million compared to CNY 134.035 million a year ago. Net income was CNY 238.504 million compared to CNY 80.422 million a year ago. Basic earnings per share from continuing operations was CNY 0.38 compared to CNY 0.13 a year ago.
Ningbo Huaxiang Electronic Co., Ltd. is a China-based company, principally engaged in the design, development, manufacture and distribution of automobile components. The Company's main products consist of interior and exterior trims, including instrument panels, center channel assemblies, front and rear windshields, spoilers, roofs, bellows; automotive chassis accessories; air-conditioning accessories; automotive engine accessories; automotive electrical and electronic accessories; metal stampings and others. The main supporting models of its products include BMW 3, 5 and X series; Mercedes-Benz C-Class and E Class series, and Tiguan, New Passat, New Sunny, Audi Q5, Audi A6L, Sagitar, Golf A7, Skoda, Roewe, Crown, Reiz, Corolla, Teana and others. The Company distributes its products within domestic market and to overseas markets.
NINGBO HUAXIANG ELECTRONIC CO., LTD. 
