TBEA Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 22, 2022 at 04:57 am EDT
Share
TBEA Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 17,100.16 million compared to CNY 9,437.84 million a year ago. Revenue was CNY 17,139.17 million compared to CNY 9,454.53 million a year ago. Net income was CNY 3,121.55 million compared to CNY 2,119.4 million a year ago. Basic earnings per share from continuing operations was CNY 0.8237 compared to CNY 0.5706 a year ago. Diluted earnings per share from continuing operations was CNY 0.8237 compared to CNY 0.5706 a year ago.
TBEA Co., Ltd. is one of the Chinese largest manufacturers of power transformation and transmission equipments. The group proposes transformers (power transformers, reactors, censors, switch boxes, etc.), cables and lead wires (energy network cables, telecoms cables, special cables, plastic insulated cables, glazed wires, etc.), solar systems, etc. Besides, TBEA Co develops production of aluminum foil, and construction, under contract, of photovoltaic and electricity transmission projects activities.
China accounts for 91.9% of net sales.