Wencan Group Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 08:55 am EDT
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Wencan Group Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 1,243.44 million compared to CNY 1,050.67 million a year ago. Revenue was CNY 1,243.44 million compared to CNY 1,050.67 million a year ago. Net income was CNY 79.4 million compared to CNY 50.15 million a year ago. Basic earnings per share from continuing operations was CNY 0.31 compared to CNY 0.19 a year ago. Diluted earnings per share from continuing operations was CNY 0.29 compared to CNY 0.19 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.