Shenzhen Kaizhong Precision Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 07:39 am EDT
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Shenzhen Kaizhong Precision Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 612.66 million compared to CNY 556.76 million a year ago. Revenue was CNY 612.66 million compared to CNY 556.76 million a year ago. Net income was CNY 20.06 million compared to CNY 21.03 million a year ago. Basic earnings per share from continuing operations was CNY 0.07 compared to CNY 0.07 a year ago. Diluted earnings per share from continuing operations was CNY 0.07 compared to CNY 0.07 a year ago.
Shenzhen Kaizhong Precision Technology Co Ltd is a China-based company mainly engaged in the research and development, design, manufacture and sales of core precision components. The Company's main products include commutators, slip rings, gas control components, high-strength elastic parts, new energy vehicle components and multilayer insulated wires. Its new energy vehicle components include new energy vehicle power battery pack components, drive motor connectors, electronic control system inverter components and automotive lightweight components. The Company's products are applied in automotive, new energy vehicle, electric system, aerospace, office equipment, medical equipment, household appliance, power tool, electrical control and other fields. The Company distributes its products within domestic market and to overseas markets.
SHENZHEN KAIZHONG PRECISION TECHNOLOGY CO., LTD. 
