Ningbo Xusheng Auto Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 20, 2020 at 09:10 am EDT
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Ningbo Xusheng Auto Technology Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 288.146 million compared to CNY 251.559 million a year ago. Operating income was CNY 59.930 million compared to CNY 43.962 million a year ago. Net income was CNY 50.777 million compared to CNY 37.862 million a year ago. Basic earnings per share from continuing operations was CNY 0.13 compared to CNY 0.09 a year ago.
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 Company's 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. 
