Nanjing Develop Advanced Manufacturing Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 21, 2022 at 09:25 am
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Nanjing Develop Advanced Manufacturing Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 200.32 million compared to CNY 121.39 million a year ago. Revenue was CNY 200.32 million compared to CNY 121.39 million a year ago. Net income was CNY 30.43 million compared to CNY 12.84 million a year ago. Basic earnings per share from continuing operations was CNY 0.16 compared to CNY 0.07 a year ago. Diluted earnings per share from continuing operations was CNY 0.16 compared to CNY 0.07 a year ago.
Nanjing Develop Advanced Manufacturing Co Ltd is a China-based company mainly engaged in research, development, production and sales of special parts for oil and gas equipment. The Company has four major product series: special parts for wellheads and Christmas trees, special parts for deep-sea equipment, special parts for fracturing equipment and special parts for drilling and production equipment. Its products are used in oil and gas equipment fields such as onshore wellheads, deep sea drilling, shale gas fracturing, high-pressure fluid transportation, etc. The Company conducts its businesses within the domestic market and to overseas markets.