Sinocat Environmental Technology Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 09:11 pm EDT
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Sinocat Environmental Technology Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 96.17 million compared to CNY 302.05 million a year ago. Revenue was CNY 96.17 million compared to CNY 302.05 million a year ago. Net loss was CNY 10.79 million compared to net income of CNY 9.68 million a year ago. Basic loss per share from continuing operations was CNY 0.13 compared to basic earnings per share from continuing operations of CNY 0.15 a year ago. Diluted loss per share from continuing operations was CNY 0.13 compared to diluted earnings per share from continuing operations of CNY 0.15 a year ago.
Sinotech Co Ltd, formerly Sinocat Environmental Technology Co Ltd, is a China-based company mainly engaged in the research and development, production and sales of new materials and new energy. The Company is primarily engaged in the research and development, production and sales of environmentally friendly catalyst materials, internal combustion engine exhaust catalytic converters and after-treatment systems, industrial exhaust gas purifiers and systems, energy storage and power batteries. The Company's main products are internal combustion engine exhaust gas purification catalysts used in various types of gasoline vehicles, diesel engines, natural gas vehicles, motorcycles, and ships. The Company's products also include energy storage and power batteries, hydrogen fuel cell electrocatalysts and industrial Volatile Organic Compounds (VOCs) catalysts.