Ningbo Shuanglin Auto Parts Co.,Ltd. Reports Earnings Results for the Full Year Ended December 31, 2019
April 27, 2020 at 04:20 pm
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Ningbo Shuanglin Auto Parts Co.,Ltd. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was CNY 4,302.205 million compared to CNY 5,559.874 million a year ago. Operating loss was CNY 925.327 million compared to CNY 11.775 million a year ago. Net loss was CNY 947.124 million compared to CNY 61.820 million a year ago. Basic loss per share from continuing operations was CNY 2.04 compared to CNY 0.13 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.