Henan Pinggao Electric Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 14, 2022 at 12:21 pm
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Henan Pinggao Electric Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 1,619.21 million compared to CNY 1,033.96 million a year ago. Revenue was CNY 1,619.21 million compared to CNY 1,033.96 million a year ago. Net income was CNY 40.02 million compared to net loss of CNY 37.5 million a year ago. Basic earnings per share from continuing operations was CNY 0.0295 compared to basic loss per share from continuing operations of CNY 0.0276 a year ago. Diluted earnings per share from continuing operations was CNY 0.0295 compared to diluted loss per share from continuing operations of CNY 0.0276 a year ago.
HENAN PINGGAO ELECTRIC CO., LTD. is a China-based company, principally engaged in the manufacture and distribution of electric power transmission and conversion equipment. The Company's main products include enclosed combined electrical equipment, circuit breakers (CBs), isolating switches and earthing switches, open combined electrical equipment, vacuum circuit breakers, complete set of electrical equipment and instrument transformers, among others. The Company distributes its products within domestic market and to overseas markets.