SINOMACH HEAVY EQUIPMENT GROUP CO.,LTD Reports Earnings Results for the First Quarter Ended March 31, 2022
April 22, 2022 at 04:35 am EDT
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SINOMACH HEAVY EQUIPMENT GROUP CO.,LTD reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 2,082.59 million compared to CNY 2,056.83 million a year ago. Revenue was CNY 2,082.59 million compared to CNY 2,056.83 million a year ago. Net income was CNY 78.12 million compared to CNY 71.88 million a year ago. Basic earnings per share from continuing operations was CNY 0.0107 compared to CNY 0.0099 a year ago. Diluted earnings per share from continuing operations was CNY 0.0107 compared to CNY 0.0099 a year ago.
Sinomach Heavy Equipment Group Co Ltd, formerly China Erzhong Group Deyang Heavy Industries Co Ltd, is a company mainly engaged in research, development and manufacturing of mechanical equipment. The Company operates four businesses. The research, development and manufacturing of mechanical equipment business is engaged in the research, development and production of large scale metallurgical complete equipment, clean energy equipment and large scale casting and forging mechanical equipment. The project general contracting business involves a range of industries, including domestic and foreign metallurgy, mining, ports, transportation infrastructure, as well as power transmission and transformation projects. The trade and service business provides engineering contracting related services, including bidding agency and engineering supervision. The electricity sales business is conducted by the Companyâs subsidiary to operate hydroelectric power station in Cambodia.
SINOMACH HEAVY EQUIPMENT GROUP CO.,LTD 
