Guangdong Wencan Die Casting Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 29, 2020 at 03:22 pm EDT
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Guangdong Wencan Die Casting Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 257.886 million compared to CNY 385.475 million a year ago. Operating income was CNY 12.610 million compared to CNY 40.093 million a year ago. Net income was CNY 10.253 million compared to CNY 34.498 million a year ago. Basic earnings per share from continuing operations was CNY 0.0464 compared to CNY 0.1568 a year ago. Diluted earnings per share from continuing operations was CNY 0.0465 compared to CNY 0.1568 a year ago.
Wencan Group Co Ltd, formerly Guangdong Wencan Die Casting Co Ltd, is a China-based company principally engaged in the research and development, production and sales of automotive aluminum alloy precision die castings. The Company's main products include vacuum pumps, automobile engine blocks, automobile air-conditioning compressors, automobile gearbox housings, automobile steering gear housings and brake parts. Its products are mainly used in automobile engine systems, transmission systems, chassis systems, braking systems, body structures and other auto parts.
WENCAN GROUP CO., LTD. 
