Zhejiang Changsheng Sliding Bearings Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2021
October 25, 2021 at 05:13 am EDT
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Zhejiang Changsheng Sliding Bearings Co., Ltd. reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 727.85 million compared to CNY 442.93 million a year ago. Net income was CNY 121.06 million compared to CNY 101.94 million a year ago. Basic earnings per share from continuing operations was CNY 0.41 compared to CNY 0.34 a year ago. Diluted earnings per share from continuing operations was CNY 0.4 compared to CNY 0.34 a year ago.
Zhejiang Changsheng Sliding Bearings Co Ltd is a company engaged in research, development, production and sales of self-lubricating bearings. The Company's products are comprised of metal-plastic polymer self-lubricating rolled bearings, bimetallic boundary lubricating rolled bearings, metal-based self-lubricating bearings, copper-based boundary lubricating rolled bearings, non-metallic self-lubricating bearings and other bearings. The products are used in a range of industries, including automobiles, engineering machinery, port machinery, plastic machinery, agricultural machinery and so on. The Company sells its products to both domestic and international markets, including South Korea, Germany, Britain, Italy, France and Sweden.