Zhejiang Jiuli Hi-Tech Metals Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 25, 2022 at 07:32 am EDT
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Zhejiang Jiuli Hi-Tech Metals Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 1,319.01 million compared to CNY 1,289.13 million a year ago. Revenue was CNY 1,319.01 million compared to CNY 1,289.13 million a year ago. Net income was CNY 194 million compared to CNY 142.16 million a year ago. Basic earnings per share from continuing operations was CNY 0.1985 compared to CNY 0.1475 a year ago. Diluted earnings per share from continuing operations was CNY 0.1985 compared to CNY 0.1475 a year ago.
Zhejiang JIULI Hi-tech Metals Co. , Ltd. is a China-based company principally engaged in the research, development, production and distribution of industrial stainless steel seamless pipes and special alloy pipes and fittings. The Companyâs main products include nuclear power pipes, supercritical boiler tubes, nickel-based alloy oil well pipes, precision tubes, bimetallic composite pipes, duplex phase stainless steel tubes and instrumentation pipes, among others. The Company's products are mainly applied in petroleum, chemical, natural gas, electric equipment manufacturing and other industries. The Company distributes its products in domestic market and to overseas markets.