Qingdao CHOHO Industrial Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2022
April 25, 2022
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Qingdao CHOHO Industrial Co., Ltd reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 335.96 million compared to CNY 259.08 million a year ago. Revenue was CNY 335.96 million compared to CNY 259.08 million a year ago. Net income was CNY 27.27 million compared to CNY 18.74 million a year ago. Basic earnings per share from continuing operations was CNY 0.33 compared to CNY 0.25 a year ago. Diluted earnings per share from continuing operations was CNY 0.33 compared to CNY 0.25 a year ago.
Qingdao CHOHO Industrial Co Ltd is a China-based company principally engaged in the research and development, manufacturing and sales of various chain drive systems. The Company's main products include vehicle chain systems, agricultural machinery chain systems and industrial equipment chain systems. Its vehicle chain systems include motorcycle chain systems and automobile chain systems. The Company's products are applied in motorcycle, automobile, ship, agricultural machinery, construction machinery, lifting and transportation machinery, logistics and storage, escalator, food and drug machinery, light industrial machinery, petrochemical and other fields. The Company distributes its products in domestic market and to overseas markets.