Jiangsu Rongtai Industry Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 29, 2022 at 11:53 pm
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Jiangsu Rongtai Industry Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 353.12 million compared to CNY 287.02 million a year ago. Revenue was CNY 353.12 million compared to CNY 287.02 million a year ago. Net income was CNY 34.05 million compared to CNY 32.68 million a year ago. Basic earnings per share from continuing operations was CNY 0.21 compared to CNY 0.25 a year ago. Diluted earnings per share from continuing operations was CNY 0.21 compared to CNY 0.25 a year ago.
Jiangsu Rongtai Industry Co Ltd is a China-based company principally engaged in the research and development, production and sales of automotive aluminum alloy precision die castings. The Company's main products include aluminum alloy precision die-casting parts such as automotive steering systems, transmission systems and braking systems. Among them, the automobile steering system includes steering long housing, steering column, servo housing and end cover. The transmission system includes the case, cover and adapter of the transfer case; the case and cover of the gearbox; the oil pump and cover of the gearbox. The brake system includes brake pump valve shells, shell covers, and brake air compression unit valve bodies. The Company's products involve three types of products: auto parts, vehicle molds and motorcycle parts. The Company's distributes its products both in the domestic market and to overseas markets.
JIANGSU RONGTAI INDUSTRY CO., LTD. 
