NINGBO HENGSHUAI Co., LTD. Reports Earnings Results for the Full Year Ended December 31, 2022
April 10, 2023 at 07:24 am
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NINGBO HENGSHUAI Co., LTD. reported earnings results for the full year ended December 31, 2022. For the full year, the company reported sales was CNY 732.6 million compared to CNY 573.78 million a year ago. Revenue was CNY 738.75 million compared to CNY 584.45 million a year ago.
Net income was CNY 145.53 million compared to CNY 115.6 million a year ago. Basic earnings per share from continuing operations was CNY 1.82 compared to CNY 1.58 a year ago. Diluted earnings per share from continuing operations was CNY 1.82 compared to CNY 1.58 a year ago.
Ningbo Hengshuai Co Ltd is a China-based company mainly engaged in the production of automotive micromotors and related products. The Company mainly produces micro motors for vehicles, including trunk and side door motors, fan motors, and anti-locked braking system motors; as well as car washing pumps with micro motors as the core components, which are mainly responsible for pumping washing liquid through pipeline systems and nozzles To clean the windshield or car headlights; cleaning system products, including the washing liquid tank assembly, washing pipes, washing nozzles and liquid filling pipes. The Company distributes its products and services within the domestic market and to overseas markets.