Sichuan Haowu Electromechanical Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 07:48 am EDT
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Sichuan Haowu Electromechanical Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 729.67 million compared to CNY 1,024.61 million a year ago. Revenue was CNY 729.67 million compared to CNY 1,024.61 million a year ago. Net loss was CNY 8.31 million compared to CNY 2.77 million a year ago. Basic loss per share from continuing operations was CNY 0.012 compared to CNY 0.004 a year ago. Diluted loss per share from continuing operations was CNY 0.012 compared to CNY 0.004 a year ago.
Sichuan Haowu Electromechanical Co Ltd is a China-based company mainly engaged in vehicle sales, automotive aftermarket services and machinery parts production. The Company's passenger vehicle distribution and automotive aftermarket service businesses are mainly engaged in vehicle sales, repair and maintenance services, and comprehensive services including automobile fittings, extended warranty agency, insurance agency, and auto loan agency. The internal combustion engine crankshaft business is mainly engaged in the research, development, manufacturing and sales of internal combustion engine crankshafts. The products are mainly applied in passenger cars, commercial vehicles, construction machinery/agricultural machinery, special machinery, etc. The Company mainly conducts business in the domestic market.