Yeal Electric Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2022
April 25, 2022 at 10:48 am
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Yeal Electric Co.,Ltd reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 98.55 million compared to CNY 75.91 million a year ago. Revenue was CNY 98.55 million compared to CNY 75.91 million a year ago. Net income was CNY 10.99 million compared to CNY 13.23 million a year ago. Basic earnings per share from continuing operations was CNY 0.14 compared to CNY 0.17 a year ago. Diluted earnings per share from continuing operations was CNY 0.14 compared to CNY 0.17 a year ago.
Yeal Electric Co Ltd is a China-based company mainly engaged in the research, development, production and sales of electrical equipment for rail vehicles. The Company's products mainly include various types of rail vehicle electrical cabinets, electrical boxes, driver consoles and lighting fixtures. Its products are mainly used in urban rail vehicles. The Company is also engaged in vehicle maintenance and wiring harness services. The Company conducts its businesses within the China market and to overseas markets.