Western Metal Materials Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 26, 2022 at 10:25 am
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Western Metal Materials Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 486.25 million compared to CNY 459.53 million a year ago. Revenue was CNY 486.25 million compared to CNY 459.53 million a year ago. Net income was CNY 21.04 million compared to CNY 30.74 million a year ago. Basic earnings per share from continuing operations was CNY 0.0431 compared to CNY 0.063 a year ago. Diluted earnings per share from continuing operations was CNY 0.0431 compared to CNY 0.063 a year ago.
WESTERN METAL MATERIALS CO., LTD is a China-based company primarily engaged in the research and development, manufacture and sales of rare metal products. The Company provides rare metal clad materials and products, titanium products, metal fibers and products, refractory metal products, tungsten-molybdenum materials, as well as precious metal products and others. The Company is also engaged in the rare metal testing and processing business. The Company distributes its products in domestic market and to overseas markets.