Xingmin Intelligent Transportation Systems Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 29, 2022 at 03:39 pm
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Xingmin Intelligent Transportation Systems (Group) Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 239.08 million compared to CNY 422.07 million a year ago. Revenue was CNY 239.08 million compared to CNY 422.07 million a year ago. Net loss was CNY 63.52 million compared to net income of CNY 3.71 million a year ago. Basic loss per share from continuing operations was CNY 0.1024 compared to basic earnings per share from continuing operations of CNY 0.01 a year ago. Diluted loss per share from continuing operations was CNY 0.1024 compared to diluted earnings per share from continuing operations of CNY 0.01 a year ago.
Xingmin Intelligent Transportation Systems Group Co Ltd is a China-based company principally engaged in the research and development, production and sales of automobile steel wheels. The Company mainly operates two businesses. The steel wheels business mainly engages in the production and sales of passenger car aluminum-look wheels, passenger car wheels, new energy vehicle wheels, commercial vehicle tubeless lightweight wheels, light truck tubeless wheels, light truck steel wheels, commercial vehicle steel wheels, agricultural and forestry machinery wheels and other products. The internet of vehicles operation services business mainly engages in the provision of telematics service provider (TSP) services and customized internet of vehicles solutions. The Company mainly operates its business in the domestic and overseas markets.