Gem-Year Industrial Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 02:09 pm IST
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Gem-Year Industrial Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 672.52 million compared to CNY 565.83 million a year ago. Revenue was CNY 672.52 million compared to CNY 565.83 million a year ago. Net income was CNY 54.56 million compared to CNY 49.77 million a year ago. Basic earnings per share from continuing operations was CNY 0.057 compared to CNY 0.052 a year ago. Diluted earnings per share from continuing operations was CNY 0.057 compared to CNY 0.052 a year ago.
GEM-YEAR INDUSTRIAL CO., LTD. is a China-based company, principally engaged in the research and development, manufacture and distribution of mechanical basic parts. The Company mainly provides various types of fasteners, metal products, wire drawings and railway fasteners. The Company provides nuts, bolts, screws, thread rods and non-standard specialty fastening products, among others. The Company's products are applied in several industries, such as road and railway transportation, electric power, automobiles, motors, household electrical appliances and furniture. The Company distributes its products within domestic market and to overseas markets.