Hexing Electrical Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 02:14 pm EDT
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Hexing Electrical Co.,Ltd reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 667.55 million compared to CNY 458.01 million a year ago. Revenue was CNY 667.55 million compared to CNY 458.01 million a year ago. Net income was CNY 140.33 million compared to CNY 44.98 million a year ago. Basic earnings per share from continuing operations was CNY 0.29 compared to CNY 0.09 a year ago. Diluted earnings per share from continuing operations was CNY 0.29 compared to CNY 0.09 a year ago.
HEXING ELECTRICAL CO., LTD. is a China-based company principally engaged in the research, design, manufacture and distribution of electric metering products, intelligent power distribution system and software, as well as the provision of intelligent power distribution system solutions. The Companyâs products and services include intelligent electrical products, including single-phase smart meters, three-phase smart meters, high end metering products and digital display meters, overall solutions for power distribution, power cloud services, construction and operation of power grid infrastructure. The Company distributes its products within domestic market and to overseas markets.
HEXING ELECTRICAL CO.,LTD. 
