Bohai Automotive Systems Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 29, 2021 at 12:33 pm EDT
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Bohai Automotive Systems CO., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 1,218.675 million compared to CNY 1,063.927 million a year ago. Operating income was CNY 9.246 million compared to operating loss of CNY 6.696 million a year ago. Net income was CNY 4.574 million compared to net loss of CNY 10.031 million a year ago. Basic earnings per share from continuing operations was CNY 0.0048 compared to basic loss per share from continuing operations of CNY 0.0106 a year ago.
Bohai Automotive Systems Co Ltd, formerly Shandong Binzhou Bohai Piston Co Ltd, is a China-based company mainly engaged in the design, development, manufacturing and sales of pistons and other auto parts. The Company's main products include pistons and components, lightweight auto parts, auto wheels, auto air conditioners, shock absorbers, exhaust systems, fuel tanks, etc. Its products are mainly used in new energy vehicles and light-weight components of traditional vehicles, automotive powertrain components, chassis assembly components and heat exchange system components. The Company operates its businesses in domestic and overseas markets.