Qijing Machinery Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 26, 2022 at 08:39 am EDT
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Qijing Machinery Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 443.9 million compared to CNY 489.69 million a year ago. Revenue was CNY 443.9 million compared to CNY 489.69 million a year ago. Net income was CNY 21.87 million compared to CNY 20.37 million a year ago. Basic earnings per share from continuing operations was CNY 0.1138 compared to CNY 0.106 a year ago. Diluted earnings per share from continuing operations was CNY 0.1138 compared to CNY 0.106 a year ago.
Qijing Machinery Co., Ltd. is a China-based company principally engaged in the research and development, design, production and sales of washing machine clutch products. The Company's main products include washing machine clutches, washing machine parts, dishwasher parts and refrigerator parts. The Company is also engaged in the production and sales of electrical tool parts. The Company mainly distributes its products in the domestic and overseas markets.