Wetown Electric Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 10:19 am EDT
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Wetown Electric Group Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 329.05 million compared to CNY 265.14 million a year ago. Revenue was CNY 329.05 million compared to CNY 265.14 million a year ago. Net income was CNY 14.85 million compared to CNY 14.68 million a year ago. Basic earnings per share from continuing operations was CNY 0.1 compared to CNY 0.13 a year ago. Diluted earnings per share from continuing operations was CNY 0.1 compared to CNY 0.13 a year ago.
Wetown Electric Group Co Ltd is a China-based company mainly engaged in the research and development, manufacture and sales of busbar products. The Company's products include low-voltage busbars, high-voltage busbars, tin-coated copper strips, medium and low voltage complete sets of equipment, copper and aluminum products, and others. The Company's products are mainly applied in electric power, electronics, automobile manufacturing, rail transit, data centers, metallurgical chemicals, commercial real estate, new energy and other industries.
WETOWN ELECTRIC GROUP CO., LTD. 
