Fujian Longxi Bearing Group Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2021
April 23, 2021 at 05:01 am EDT
Share
Fujian Longxi Bearing Group Co. Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 359.857 million compared to CNY 208.436 million a year ago. Operating income was CNY 25.527 million compared to operating loss of CNY 39.114 million a year ago. Net income was CNY 23.997 million compared to net loss of CNY 29.958 million a year ago. Basic earnings per share from continuing operations was CNY 0.0601 compared to basic loss per share from continuing operations of CNY 0.075 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 
