Ningbo Shuanglin Auto Parts Co.,Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2019
October 29, 2019 at 07:38 am EDT
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Ningbo Shuanglin Auto Parts Co.,Ltd. announced earnings results for the nine months ended September 30, 2019. For the nine months, the company announced sales was CNY 3,177.218 million compared to CNY 4,180.355 million a year ago. Operating income was CNY 16.743 million compared to CNY 228.097 million a year ago. Net income was CNY 13.708 million compared to CNY 192.889 million a year ago. Basic earnings per share from continuing operations was CNY 0.0294 compared to CNY 0.4646 a year ago.
Ningbo Shuanglin Auto Parts Co Ltd is a China-based company engaged in the research and development, manufacturing and sales of automotive parts. The Company operates mainly through four business segments. The Interior and Exterior and Electromechanical Components segment mainly produces automotive interior and exterior system components, including bumpers, door panels and pillars. Automotive precision injection molding parts include airbag covers, oil drums and ignition coils. The segment produces automotive injection molds. The Hub Bearing Components segment mainly develops, produces and sells automotive bearings and car hub bearing units. The New Energy Motors segment is engaged in the research and development, production and sales of electric drive systems for new energy electric vehicles, and its products include drive motors and automatic transmissions. The Other segment produce automotive seat horizontal drives, ball screws and seat motors.