Guangdong Wencan Die Casting Co., Ltd. Reports Earnings Results for the Fourth Quarter Ended March 31, 2021
April 27, 2021 at 11:24 pm EDT
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Guangdong Wencan Die Casting Co., Ltd. announced earnings results for the fourth quarter ended March 31, 2021. For the fourth quarter, the company announced sales was CNY 1,050.665 million compared to CNY 257.886 million a year ago. Operating income was CNY 59.305 million compared to CNY 12.610 million a year ago. Net income was CNY 50.154 million compared to CNY 10.253 million a year ago. Basic earnings per share from continuing operations was CNY 0.1938 compared to CNY 0.0464 a year ago. Diluted earnings per share from continuing operations was CNY 0.1936 compared to CNY 0.0465 a year ago. For the full year, sales was CNY 2,602.568 million compared to CNY 1,537.710 million a year ago. Operating income was CNY 132.709 million compared to CNY 77.375 million a year ago. Net income was CNY 83.804 million compared to CNY 71.034 million a year ago. Basic earnings per share from continuing operations was CNY 0.36 compared to CNY 0.32 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.