Changhong Huayi Compressor Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 19, 2022 at 01:14 pm IST
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Changhong Huayi Compressor Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 3,730.13 million compared to CNY 3,413.73 million a year ago. Revenue was CNY 3,730.13 million compared to CNY 3,413.73 million a year ago. Net income was CNY 32.71 million compared to CNY 6.97 million a year ago. Basic earnings per share from continuing operations was CNY 0.047 compared to CNY 0.01 a year ago. Diluted earnings per share from continuing operations was CNY 0.047 compared to CNY 0.01 a year ago.
CHANGHONG HUAYI COMPRESSOR CO., LTD., formerly HUAYI COMPRESSOR CO., LTD., is a China-based company principally engaged in the general equipment manufacturing business. The Company's principal businesses include the development, manufacture and sales of refrigerator compressors and commercial compressors. The refrigerator compressors are mainly used in household refrigerators, freezers and other household appliances. The commercial compressors are mainly used in supermarket refrigerated display cabinets, fresh cabinets, automatic building machines and other fields. The Company mainly distributes its products in domestic market and overseas markets.