Kangping Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 10:41 am
Share
Kangping Technology (Suzhou) Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 285.15 million compared to CNY 294.41 million a year ago. Revenue was CNY 285.15 million compared to CNY 294.41 million a year ago. Net income was CNY 5.15 million compared to CNY 11.72 million a year ago. Basic earnings per share from continuing operations was CNY 0.0537 compared to CNY 0.1221 a year ago. Diluted earnings per share from continuing operations was CNY 0.0537 compared to CNY 0.1221 a year ago.
Kangping Technology Suzhou Co Ltd is a China-based company mainly engaged in the research and development, design, production and sales of electric tool motors, power tool complete machines and related parts. The Companyâs products are divided into three categories: motors for power tools mainly include alternating current (AC) and direct current (DC) motors, DC brushed motors, DC brushless motors, etc., as well as various motors in household appliances; power tools mainly include handheld, such as pistol drills, angle grinders, portable, such as table saws, garden tools, such as blowers, etc.; other parts of power tools include motor shafts and other machined products and power tool housings and other injection molded parts. Its products are mainly used in the fields of handheld power tools and garden tools. The Company conducts its businesses within the China market and to overseas markets such as the Americas and Europe.
KANGPING TECHNOLOGY (SUZHOU) CO., LTD. 
