Shandong Meichen Ecology & Environment Co.,Ltd. Reports Earnings Results for the Full Year Ended December 31, 2021
April 25, 2022 at 09:11 am EDT
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Shandong Meichen Ecology & Environment Co.,Ltd. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was CNY 2,043.8 million compared to CNY 3,035.75 million a year ago. Revenue was CNY 2,075.54 million compared to CNY 3,065.07 million a year ago. Net loss was CNY 367.13 million compared to net income of CNY 42.49 million a year ago. Basic loss per share from continuing operations was CNY 0.25 compared to basic earnings per share from continuing operations of CNY 0.03 a year ago. Diluted loss per share from continuing operations was CNY 0.25 compared to diluted earnings per share from continuing operations of CNY 0.03 a year ago.
Shandong Meichen Ecology & Environment Co., Ltd., formerly Shandong Meichen Science & Technology Co., Ltd., is principally engaged in the research, development, production and sale of rubber products applied as automobile components. The Companyâs products consist of rubber distance rods, air springs, chair air springs, chassis air springs, power assembly suspensions, radiator and exhaust pipe suspensions, rubber supports, beams, fender supports, cab supports, air suspensions, rubber suspensions, turbo charger air pipes, intercooler in and out pipes, filter air pipes, engine cooling water pipes, braking soft tubes, engineering machinery tubes, as well as engineering plastic products, among others. The Company distributes its product within domestic market and to overseas markets.
SHANDONG MEICHEN ECOLOGY & ENVIRONMENT CO.,LTD. 
