Tianjin Ruixin Technology Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2022
April 26, 2022 at 08:49 am
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Tianjin Ruixin Technology Co.,Ltd reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 163.55 million compared to CNY 105.98 million a year ago. Net income was CNY 21.85 million compared to CNY 13.57 million a year ago. Basic earnings per share from continuing operations was CNY 0.1333 compared to CNY 0.08 a year ago. Diluted earnings per share from continuing operations was CNY 0.1333 compared to CNY 0.08 a year ago.
Tianjin Ruixin Technology Co Ltd, formerly Tianjin Ruixin Light Alloy Co Ltd, is a China-based company mainly engaged in the research, development, production and sales of industrial precision aluminum alloy components. The Company's products are mainly functional and structural components, such as power electronic radiators, automation equipment and medical equipment precision components and automotive lightweight components, including inverter radiators, precision aluminum alloy motor housings, laser cutting machine components, aluminum alloy medical equipment side rails, car bumpers and others. Its products are used in inverters, inverters, communication base stations, automated machinery and equipment, various industrial special motors, large medical equipment, transmission vehicles and new energy vehicles. The Company conducts its businesses within the China market and to overseas markets.
TIANJIN RUIXIN TECHNOLOGY CO.,LTD 
