China Automotive Engineering Research Institute Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 22, 2022 at 08:32 am EDT
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China Automotive Engineering Research Institute Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 561.14 million compared to CNY 839.74 million a year ago. Revenue was CNY 561.14 million compared to CNY 839.74 million a year ago. Net income was CNY 129.89 million compared to CNY 118.15 million a year ago. Basic earnings per share from continuing operations was CNY 0.13 compared to CNY 0.12 a year ago. Diluted earnings per share from continuing operations was CNY 0.13 compared to CNY 0.12 a year ago.
CHINA AUTOMOTIVE ENGINEERING RESEARCH INSTITUTE CO.,LTD is a China-based company primarily engaged in the automobile technical support and industrial manufacturing. Automobile Technical Support segment includes technology research and development, technical consulting, technology services, and vehicle test and evaluation. Industrial Manufacturing segment is involved in the design, development, manufacture and sale of special vehicles, gas-driven vehicle systems, rail transit key components, vehicle detection equipment, electric vehicle hybrid power systems and key components and aftertreatment systems, among other products.
CHINA AUTOMOTIVE ENGINEERING RESEARCH INSTITUTE CO., LTD. 
