Sanxiang Advanced Materials Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 04:53 am EDT
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Sanxiang Advanced Materials Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 181.83 million compared to CNY 226.12 million a year ago. Revenue was CNY 181.83 million compared to CNY 226.12 million a year ago. Net income was CNY 30.49 million compared to CNY 23.03 million a year ago. Basic earnings per share from continuing operations was CNY 0.1 compared to CNY 0.0857 a year ago. Diluted earnings per share from continuing operations was CNY 0.1 compared to CNY 0.0857 a year ago.
Sanxiang Advanced Materials Co., Ltd. is a China-based company principally engaged in the research, design, production and distribution of fused zirconia, casting modified materials, as well as single crystal fused alumina abrasive materials, among others. The Companyâs products include zirconia series products, single crystalline fused alumina series products, cored wire series products, nucleating agent (inoculant) series products, nodulizer series products and silica fume powder series products. The Company operates its business within domestic and overseas markets, including America, Canada, Brazil, France, Italy, Japan, South Korea, Australia, Indonesia, Taiwan and other countries and areas.