Xinjiang Torch Gas Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2022
April 19, 2022 at 05:40 am EDT
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Xinjiang Torch Gas Co., Ltd reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 262 million compared to CNY 252.85 million a year ago. Revenue was CNY 262 million compared to CNY 252.85 million a year ago. Net income was CNY 36.1 million compared to CNY 33.77 million a year ago. Basic earnings per share from continuing operations was CNY 0.26 compared to CNY 0.24 a year ago.
Xinjiang Torch Gas Co., Ltd. is a China-based company principally involved in the transmission and distribution of urban gas, sales and installation of gas facilities and equipment. The Companyâs main businesses include sales of gas and home installation of gas equipment services, among which the gas sales clients include residents, industrial and commercial gas users and compressed natural gas (CNG) vehicle users, and installation business clients include municipal construction authorities, dedicated pipeline customers and real estate development companies. The Companyâs other businesses include gas meter replacement for users and sales of gas cards.