Zhejiang XCC Group Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2022
April 29, 2022 at 06:26 pm EDT
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Zhejiang XCC Group Co.,Ltd reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 882.45 million compared to CNY 552.29 million a year ago. Revenue was CNY 882.45 million compared to CNY 552.29 million a year ago. Net income was CNY 40.08 million compared to CNY 33.1 million a year ago. Basic earnings per share from continuing operations was CNY 0.14 compared to CNY 0.11 a year ago. Diluted earnings per share from continuing operations was CNY 0.14 compared to CNY 0.11 a year ago.
Zhejiang XCC Group Co., Ltd. is a China-based company principally engaged in the research, design, manufacture and distribution of bearing rings and finished bearings. Its bearing ring products include automobile bearing rings and non-automobile bearing rings. Its finished bearing products include precision automobile bearings, precision motor bearings and other bearings. The Company is also involved in the production of precision steel pipes. Its products are mainly applied in automobiles, motors, mechanized equipment and others. The Company distributes its products within domestic market and to overseas markets, including The Republic of Korea, Brazil, Europe and America, among others.
ZHEJIANG XCC GROUP CO.,LTD 
