AA Industrial Belting Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2022
April 29, 2022 at 09:01 pm IST
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AA Industrial Belting (Shanghai) Co.,Ltd reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 37.3 million compared to CNY 44.47 million a year ago. Revenue was CNY 37.3 million compared to CNY 44.47 million a year ago. Net loss was CNY 0.294838 million compared to net income of CNY 4.27 million a year ago. Basic loss per share from continuing operations was CNY 0.0023 compared to basic earnings per share from continuing operations of CNY 0.0327 a year ago. Diluted loss per share from continuing operations was CNY 0.0023 compared to diluted earnings per share from continuing operations of CNY 0.0327 a year ago.
AA Industrial Belting (Shanghai) Co., Ltd. is a China-based company mainly engaged in the research, development, manufacture and distribution of light conveyor belts. The Companyâs products mainly consist of general high polymer materials light industrial belts, environment friendly high polymer materials precision industrial belts, aramid fiber industrial belts and others. The Companyâs products are used in aluminum processing, textile dyeing and finishing, food processing, logistics and transportation, agricultural products processing, entertainment and fitness, wood processing, electronic manufacturing, printing and packaging industries and other fields.