Tianrun Industry Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 21, 2022 at 04:43 am EDT
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Tianrun Industry Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 930.1 million compared to CNY 1,573.23 million a year ago. Revenue was CNY 930.1 million compared to CNY 1,573.23 million a year ago. Net income was CNY 93.79 million compared to CNY 172.15 million a year ago. Basic earnings per share from continuing operations was CNY 0.08 compared to CNY 0.15 a year ago. Diluted earnings per share from continuing operations was CNY 0.08 compared to CNY 0.15 a year ago.
Tianrun Industry Technology Co Ltd, formerly Tianrun Crankshaft Co Ltd, is a China-based company, principally engaged in the manufacture and distribution of automobile spare parts. The Company's main products portfolio consists of heavy engine crankshafts, light engine crankshafts, medium engine crankshafts, automobile engine crankshafts and others. In addition, it is engaged in the production of vessel crankshafts, connecting rods, castings and crankshafts blanks, among others. Its products are mainly applied in the manufacture of heavy-duty vehicles and light trucks. The Company distributes its products within domestic market and to overseas markets.