Shanghai Sinotec Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 26, 2022 at 06:06 am
Share
Shanghai Sinotec (Group) Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 213.88 million compared to CNY 230.59 million a year ago. Revenue was CNY 213.88 million compared to CNY 230.59 million a year ago. Net income was CNY 4.01 million compared to CNY 25.79 million a year ago. Basic earnings per share from continuing operations was CNY 0.0154 compared to CNY 0.0769 a year ago. Diluted earnings per share from continuing operations was CNY 0.0154 compared to CNY 0.0769 a year ago.
Shanghai Sinotec Co Ltd is a China-based company mainly engaged in the research and development, production and sales of key components such as turbochargers and sensors. The Company is engaged in two businesses. The main products of the powertrain business are core components of automotive engine turbocharging systems, including bleed valve assemblies, turbine housings and intermediate housings and other components, which are used in turbochargers and finally assembled into complete vehicles. The main products of the sensor business cover a variety of sensors such as pressure sensors with a full pressure range, speed and position sensors, temperature sensors, urea quality sensors, and some core chips, which are used in the commercial vehicle original equipment market. The Company mainly conducts its business in the domestic and foreign markets.
SHANGHAI SINOTEC CO., LTD. 
