Ningbo Xusheng Auto Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 26, 2021 at 03:48 am EDT
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Ningbo Xusheng Auto Technology Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 505.118 million compared to CNY 288.146 million a year ago. Operating income was CNY 104.930 million compared to CNY 59.930 million a year ago. Net income was CNY 89.694 million compared to CNY 50.777 million a year ago. Basic earnings per share from continuing operations was CNY 0.2 compared to CNY 0.13 a year ago.
Ningbo Xusheng Group Co Ltd, formerly Ningbo Xusheng Auto Technology Co Ltd, is a China-based company mainly engaged in the research and development, production and sales of die-casting precision aluminum alloy auto parts and industrial parts. The Companyâs die-casting products include drive housings, gearboxes, rafts and reducer housings, etc.; forged products include torsion arms, control arms and subframes, etc.; extrusion products include gas-liquid separators, anti-collision beams, etc. The main application areas of the Company's products include precision machining parts for core systems such as new energy vehicle transmission systems, transmission systems, battery systems, and suspension systems. The Company distributes its products within the domestic market and to overseas market.
NINGBO XUSHENG GROUP CO., LTD. 
