Fujian Longxi Bearing Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2022
April 22, 2022 at 06:13 am EDT
Share
Fujian Longxi Bearing (Group) Co., Ltd reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 434.77 million compared to CNY 359.86 million a year ago. Revenue was CNY 434.77 million compared to CNY 359.86 million a year ago. Net loss was CNY 16.41 million compared to net income of CNY 24 million a year ago. Basic loss per share from continuing operations was CNY 0.0411 compared to basic earnings per share from continuing operations of CNY 0.0601 a year ago. Diluted loss per share from continuing operations was CNY 0.0411 compared to diluted earnings per share from continuing operations of CNY 0.0601 a year ago.
FUJIAN LONGXI BEARING (GROUP) CO., LTD is a China-based company principally engaged in the manufacture and distribution of mechanical basic parts and related parts. The Company's major products include bearing products, gears, gear boxes, automobile spare parts, knitting machines, rolling components and powder metallurgy. The Company's bearing products are spherical plain bearings, including radial spherical plain bearings with lubrication, radial spherical plain bearings with self-lubrication and ball end spherical plain bearings, as well as tapered roller bearings, bearings of composite materials, cylinder roller bearings, deep groove ball bearings and others. The Company distributes its products within domestic market and to overseas markets.
FUJIAN LONGXI BEARING (GROUP) CO., LTD 
