Nanning Baling Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 29, 2021 at 03:42 pm
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Nanning Baling Technology Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 157.023 million compared to CNY 132.722 million a year ago. Operating income was CNY 193.003 million compared to operating loss of CNY 10.125 million a year ago. Net income was CNY 166.370 million compared to net loss of CNY 7.865 million a year ago. Basic earnings per share from continuing operations was CNY 0.63 compared to basic loss per share from continuing operations of CNY 0.03 a year ago.
Nanning Baling Technology Co Ltd is a China-based company mainly engaged in the research and development, production and sales of automotive thermal management system related products and body structure products. The Company's products include high and low radiators, intercoolers, oil coolers and other heat exchangers, condensers and other automotive air-conditioning series, as well as car bumpers. The Company is also engaged in cultural performance business, cell technology and health management service business, plastic and aluminum sales and real estate leasing business. The Company mainly conducts its businesses in domestic market.
NANNING BALING TECHNOLOGY CO., LTD. 
