Linzhou Heavy Machinery Group Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2022
April 29, 2022 at 08:10 am
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Linzhou Heavy Machinery Group Co.,Ltd reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 205.77 million compared to CNY 117.75 million a year ago. Revenue was CNY 205.77 million compared to CNY 117.75 million a year ago. Net income was CNY 1.37 million compared to net loss of CNY 26.65 million a year ago. Basic earnings per share from continuing operations was CNY 0.002 compared to basic loss per share from continuing operations of CNY 0.033 a year ago. Diluted earnings per share from continuing operations was CNY 0.002 compared to diluted loss per share from continuing operations of CNY 0.033 a year ago.
Linzhou Heavy Machinery Group Co.,Ltd is a China-based company principally engaged in the manufacture, sale, maintenance and leasing of coal machinery equipment. The Company's main products include brackets, scrapers, pillars, road headers and other products. The Company is also involved in the manufacture and sales of explosion-proof electrical apparatus and robots, the operation of coal mines, the casting of pig iron, the sales of coal, as well as commercial factoring business. The Company distributes its products mainly in domestic market.