Ningbo Shuanglin Auto Parts Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 25, 2022 at 09:24 am
Share
Ningbo Shuanglin Auto Parts Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 1,060.43 million compared to CNY 1,025.47 million a year ago. Revenue was CNY 1,060.43 million compared to CNY 1,025.47 million a year ago. Net income was CNY 31.25 million compared to CNY 56.1 million a year ago. Basic earnings per share from continuing operations was CNY 0.0777 compared to CNY 0.138 a year ago. Diluted earnings per share from continuing operations was CNY 0.0777 compared to CNY 0.138 a year ago.
Ningbo Shuanglin Auto Parts Co Ltd is a China-based company engaged in the research and development, manufacturing and sales of automotive parts. The Company operates mainly through four business segments. The Interior and Exterior and Electromechanical Components segment mainly produces automotive interior and exterior system components, including bumpers, door panels and pillars. Automotive precision injection molding parts include airbag covers, oil drums and ignition coils. The segment produces automotive injection molds. The Hub Bearing Components segment mainly develops, produces and sells automotive bearings and car hub bearing units. The New Energy Motors segment is engaged in the research and development, production and sales of electric drive systems for new energy electric vehicles, and its products include drive motors and automatic transmissions. The Other segment produce automotive seat horizontal drives, ball screws and seat motors.