Ningbo Water Meter Co., LTD. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 06:34 am EDT
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Ningbo Water Meter (Group) Co., LTD. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 244.44 million compared to CNY 282.53 million a year ago. Revenue was CNY 244.44 million compared to CNY 282.53 million a year ago. Net income was CNY 5.97 million compared to CNY 42.21 million a year ago. Basic earnings per share from continuing operations was CNY 0.03 compared to CNY 0.21 a year ago. Diluted earnings per share from continuing operations was CNY 0.03 compared to CNY 0.21 a year ago.
Ningbo Water Meter Group Co Ltd, formerly Ningbo Water Meter Co Ltd, is a China-based company mainly engaged in research, development and manufacturing of integrated water metering products and water industry Internet of Things technology applications. The hardware terminal manufacturing segment is engaged in the research, development, production, manufacturing and sales of water metering and related pipe network equipment and sensors. The smart water application cloud platform segment is engaged in the establishment of a unified system application platform. The engineering service solution segment provides engineering solutions such as pipeline detection and trenchless repair. The Company conducts its business in domestic and foreign markets.