Xinyu Iron & Steel Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 12:04 pm EDT
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Xinyu Iron & Steel Co., Ltd reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 26,002.45 million compared to CNY 25,304.76 million a year ago. Revenue was CNY 26,002.45 million compared to CNY 25,304.76 million a year ago. Net income was CNY 1,030.16 million compared to CNY 970.78 million a year ago. Basic earnings per share from continuing operations was CNY 0.33 compared to CNY 0.3 a year ago. Diluted earnings per share from continuing operations was CNY 0.33 compared to CNY 0.3 a year ago.
Xinyu Iron & Steel Co., Ltd. is a China-based company principally engaged in the manufacture and sales of steel products. The Company's principal products include middle plate steel, wire products, deformed steel bar and round bar steel, steel billet, electrical steel, thick plate steel, hot-rolled coil, cold-rolled coil, metal products and coking products. The Company is also engaged in the transportation repair, as well as the construction installation business. The Company mainly distributes its products in domestic and overseas markets.