Suzhou Xingye Materials Technology Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 03:59 am
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Suzhou Xingye 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 513.72 million compared to CNY 421.4 million a year ago. Revenue was CNY 513.72 million compared to CNY 421.4 million a year ago. Net income was CNY 38.61 million compared to CNY 15.73 million a year ago. Basic earnings per share from continuing operations was CNY 0.19 compared to CNY 0.08 a year ago. Diluted earnings per share from continuing operations was CNY 0.19 compared to CNY 0.08 a year ago.
Suzhou Xingye Materials Technology Co., Ltd. is a China-based company principally engaged in the research, development, production and distribution of functional new materials, especially foundry materials. The Companyâs products include foundry resin series, casting coating series, melting material series, as well as foundry auxiliary materials, among others. Its products are mainly applied in the fields of automobile and internal combustion engines, machine tools, power generation, cast iron pipes, construction machinery, smelting and heavy machine, rail transit, as well as ship manufacturing, among others. The Company distributes its products within domestic market and to overseas markets.
SUZHOU XINGYE MATERIALS TECHNOLOGY CO.,LTD. 
