Ruitai Materials Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 20, 2022 at 05:44 am
Share
Ruitai Materials Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 1,225.59 million compared to CNY 1,127.88 million a year ago. Revenue was CNY 1,225.59 million compared to CNY 1,127.88 million a year ago. Net income was CNY 18.08 million compared to CNY 14.23 million a year ago. Basic earnings per share from continuing operations was CNY 0.0783 compared to CNY 0.0616 a year ago. Diluted earnings per share from continuing operations was CNY 0.0783 compared to CNY 0.0616 a year ago.
Ruitai Materials Technology Co., Ltd. is a China-based company principally engaged in the development, manufacture and sales of refractory materials and wear-resistant materials. The Company's main products portfolio consists of fused cast zirconia-corundum refractory (AZS) series, fused cast alumina series, unshaped refractory series, basic refractory series, siliceous refractory series, aluminosilicate refractory series, zircon sand series, as well as wear resistant refractory series and others. Its products are applied in the glass, cement, metallurgy and other industries. The Company distributes its products within domestic market and to overseas markets'