Qingdao Gaoce Technology Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 07:02 am EDT
Share
Qingdao Gaoce Technology Co., Ltd reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 556.11 million compared to CNY 273.86 million a year ago. Revenue was CNY 556.11 million compared to CNY 273.86 million a year ago. Net income was CNY 96.83 million compared to CNY 35.43 million a year ago. Basic earnings per share from continuing operations was CNY 0.4286 compared to CNY 0.1571 a year ago. Diluted earnings per share from continuing operations was CNY 0.4286 compared to CNY 0.1571 a year ago.
Qingdao Gaoce Technology Co Ltd is a China-based company mainly engaged in the research, development, production and sales of cutting equipment for hard and brittle materials and cutting tools. The Company's main products are divided into three categories: cutting equipment for hard and brittle materials, cutting tools for hard and brittle materials and tire testing equipment and consumables, including single silicon cutting machine, multi-silicon squarers, grinding polishing and chamfering machine, diamond wire slicer, diamond wire, tire section cutting machine, tire high-speed & endurance performance testing equipment, tire strength off-ring testing machine, tire water pressure blasting test machine, tire rolling resistance testing machine, tire section cutting wire and others. Its products are used in the cutting of silicon materials in the photovoltaic industry and tire product inspection. The Company operates its businesses within the domestic market and to overseas markets.