Xiangyang Automobile Bearing Co., Ltd. reported earnings results for the half year ended June 30, 2022. For the half year, the company reported sales was CNY 520.49 million compared to CNY 720.13 million a year ago. Revenue was CNY 581.78 million compared to CNY 800.85 million a year ago.

Net loss was CNY 53.15 million compared to net income of CNY 10.95 million a year ago. Basic loss per share from continuing operations was CNY 0.116 compared to basic earnings per share from continuing operations of CNY 0.024 a year ago. Diluted loss per share from continuing operations was CNY 0.116 compared to diluted earnings per share from continuing operations of CNY 0.024 a year ago.