Wuxi Zhenhua Auto Parts Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 29, 2022 at 11:55 pm
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Wuxi Zhenhua 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 413.41 million compared to CNY 335.59 million a year ago. Revenue was CNY 413.41 million compared to CNY 335.59 million a year ago. Net income was CNY 18.36 million compared to CNY 28.86 million a year ago. Basic earnings per share from continuing operations was CNY 0.09 compared to CNY 0.19 a year ago. Diluted earnings per share from continuing operations was CNY 0.09 compared to CNY 0.19 a year ago.
Wuxi Zhenhua Auto Parts Co Ltd is a China-based company mainly engaged in the development, production and sales of automotive stamping and welding parts and related molds. The automotive stamping parts produced and sold by the Company cover automotive body parts, chassis parts, powertrain parts, including oil pans and converter housings, as well as electronic and electrical components, including battery trays and battery trays. The Company provides subassembly assembly processing services, and its final product is automobile body parts. The Company is also engaged in the design, development and processing of stamping dies. The Company is also engaged in the research, development and sales of automotive engine parts.