Qingdao Weflo Valve Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 06:15 am EDT
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Qingdao Weflo Valve Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 95.72 million compared to CNY 79.26 million a year ago. Revenue was CNY 95.72 million compared to CNY 79.26 million a year ago. Net income was CNY 9.39 million compared to CNY 12.83 million a year ago. Basic earnings per share from continuing operations was CNY 0.06 compared to CNY 0.08 a year ago. Diluted earnings per share from continuing operations was CNY 0.04 compared to CNY 0.05 a year ago.
QINGDAO WEFLO VALVE CO LTD is a China-based company principally engaged in the design, research and development, manufacture and sales of valve products. The Company's main products include butterfly valves, fire-fighting valves, multi-function valves, globe valves, check valves, ball valves, rubber joints, filters, exhaust valves, balancing valves and bottom valves. Its products are mainly applied in urban water supply and drainage systems, fire water supply systems, air conditioning HVAC systems, and sewage treatment systems. The Company distributes its products with domestic market and to overseas markets.