Changchai Company, Limited Reports Earnings Results for the First Quarter Ended March 31, 2022
April 29, 2022 at 03:36 pm IST
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Changchai Company, Limited reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 675.72 million compared to CNY 774.22 million a year ago. Revenue was CNY 675.72 million compared to CNY 774.22 million a year ago. Net loss was CNY 31.09 million compared to net income of CNY 24.57 million a year ago. Basic loss per share from continuing operations was CNY 0.0441 compared to basic earnings per share from continuing operations of CNY 0.0438 a year ago. Diluted loss per share from continuing operations was CNY 0.0441 compared to diluted earnings per share from continuing operations of CNY 0.0438 a year ago.
CHANGCHAI COMPANY, LIMITED is a China based company principally engaged in the production and sales of diesel engines. The Company's main product is Changchai trademark of middle-size and small-size single cylinder and multi-cylinder diesel engines. The Company's products are mainly used in tractors, combine harvesters, light commercial vehicles, agricultural equipments, small construction machinery, generator sets and ship engines. The Company distributes its products within the domestic market and to overseas markets.