Jiangsu Liba Enterprise Joint-Stock Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 04:30 am EDT
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Jiangsu Liba Enterprise Joint-Stock Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 370.48 million compared to CNY 387.85 million a year ago. Revenue was CNY 370.48 million compared to CNY 387.85 million a year ago. Net income was CNY 37.02 million compared to CNY 34.27 million a year ago. Basic earnings per share from continuing operations was CNY 0.14 compared to CNY 0.13 a year ago. Diluted earnings per share from continuing operations was CNY 0.14 compared to CNY 0.13 a year ago.
Jiangsu Liba Enterprise Joint-Stock Co., Ltd. is a China-based company primarily engaged in the research, development, production and sales of composite materials for household appliances. It main products include vinyl-coated metal (VCM) which covered with various functional films, primarily used in panels of household appliances, such as refrigerators and washing machines, as well as high-grade water heaters and doors; pre-coated metal (PCM) which covered with organic polymer coatings, primarily used in the lateral plates of household appliances, such as refrigerators and washing machines, as well as products such as microwave ovens and water heaters.