WuXi Xinje Electric Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 22, 2022 at 05:49 am EDT
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WuXi Xinje Electric Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 321.32 million compared to CNY 308.27 million a year ago. Revenue was CNY 321.32 million compared to CNY 308.27 million a year ago. Net income was CNY 74.79 million compared to CNY 88.63 million a year ago. Basic earnings per share from continuing operations was CNY 0.53 compared to CNY 0.63 a year ago. Diluted earnings per share from continuing operations was CNY 0.53 compared to CNY 0.63 a year ago.
WuXi Xinje Electric Co Ltd is a company engaged in research and development, production and sales of industrial automation control products. The Company's products are comprised of electrical control integrated applications and electrical control systems which include programmable controllers, human-machine interfaces, drive systems and machine vision. Its products are used in packaging machinery, computer numerical control (CNC) machine tools, glass machinery and woodworking machinery.