Hengerda New Materials Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 04:33 am EDT
Share
Hengerda New Materials (Fujian) Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 128.38 million compared to CNY 102.72 million a year ago. Revenue was CNY 128.38 million compared to CNY 102.72 million a year ago. Net income was CNY 26.55 million compared to CNY 34.66 million a year ago. Basic earnings per share from continuing operations was CNY 0.2222 compared to CNY 0.2889 a year ago. Diluted earnings per share from continuing operations was CNY 0.2222 compared to CNY 0.2889 a year ago.
Hengda New Materials Fujian Co Ltd is a China-based company mainly engaged in the research and development, production and sales of metal cutting tools, intelligent computer numerical control (CNC) equipment and rolling functional components. The metal cutting tools include die cutting tools and sawing tools. The intelligent CNC equipment mainly includes CNC fully automatic circular saw machines, flexible material intelligent cutting machines and high-speed CNC band saws. The rolling functional components are mainly linear guide pairs. The Companyâs products are mainly used in domestic industrial robots, military equipment, nuclear power equipment, aerospace, rail transportation, high-end medical and other fields. The Company mainly operates in the domestic market.