Sinosteel New Materials Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 19, 2022 at 07:34 am EDT
Share
Sinosteel New Materials Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 691.27 million compared to CNY 480.94 million a year ago. Revenue was CNY 691.27 million compared to CNY 480.94 million a year ago. Net income was CNY 61.92 million compared to CNY 27.87 million a year ago. Basic earnings per share from continuing operations was CNY 0.083 compared to CNY 0.0484 a year ago. Diluted earnings per share from continuing operations was CNY 0.083 compared to CNY 0.0484 a year ago.
Sinosteel New Materials Co Ltd is a China-based company mainly engaged in magnetic materials and inspection and testing business. Its main products and businesses include soft magnetic materials, permanent magnet devices, rare earth permanent magnet devices and inspection and testing services. The soft magnetic material products include manganese tetroxide, iron silicon powder, sendust powder and so on. The inspection and testing services mainly include testing of metal products, steel structures, engineering raw materials and structural parts. The Company's business also includes metal products, mining, building materials and metallurgical equipment. The Company mainly conducts business in the domestic market.
SINOSTEEL NEW MATERIALS CO., LTD. 
