Zhejiang Tieliu Clutch Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 09:54 am EDT
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Zhejiang Tieliu Clutch Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 517.37 million compared to CNY 423.66 million a year ago. Revenue was CNY 517.37 million compared to CNY 423.66 million a year ago. Net income was CNY 28.16 million compared to CNY 53.04 million a year ago. Basic earnings per share from continuing operations was CNY 0.1231 compared to CNY 0.2538 a year ago. Diluted earnings per share from continuing operations was CNY 0.1231 compared to CNY 0.2538 a year ago.
Tieliu Co Ltd, formerly Zhejiang Tieliu Clutch Co Ltd, is a China-based company mainly engaged in the research and development, production and sales of automotive parts. The Company's main products include automotive clutches, clutch bearings, hydraulic bearings, hydraulic torque converters and brake pads, engine high-pressure common rail system injectors, new energy vehicle motor shafts, silicon controlled rectifier (SCR) components for automotive exhaust gas purification systems, etc. The Company distributes its products within the domestic market and to overseas markets.