Shandong Shuangyi Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 19, 2022 at 08:33 am EDT
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Shandong Shuangyi Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 162.84 million compared to CNY 251.47 million a year ago. Revenue was CNY 162.84 million compared to CNY 251.47 million a year ago. Net income was CNY 10.96 million compared to CNY 54.37 million a year ago. Basic earnings per share from continuing operations was CNY 0.07 compared to CNY 0.3333 a year ago. Diluted earnings per share from continuing operations was CNY 0.07 compared to CNY 0.3333 a year ago.
Shandong Shuangyi Technology Co Ltd is a company engaged in research and development, production and sales of composite materials, and provision of related services. The Company's primary products include wind turbine cabin covers, large non-metallic molds, engineering and agricultural machinery and equipment covers and fishing boats. The products are used in a range of areas, including large-scale non-metal mold processing, wind power, engineering and agricultural machinery, yachts and ships. The Company sells its products to both domestic and international markets, including Australia, North America and New Zealand.