Hangzhou Jizhi Mechatronic Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 01:18 pm IST
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Hangzhou Jizhi Mechatronic Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 44.84 million compared to CNY 36.48 million a year ago. Revenue was CNY 44.84 million compared to CNY 36.48 million a year ago. Net income was CNY 3.45 million compared to CNY 4.11 million a year ago. Basic earnings per share from continuing operations was CNY 0.07 compared to CNY 0.09 a year ago. Diluted earnings per share from continuing operations was CNY 0.07 compared to CNY 0.09 a year ago.
Hangzhou Jizhi Mechatronic Co., Ltd. is a China-based company principally engaged in the research, development, design, manufacture and sales of automatic balancing machines. The Companyâs main products include automatic balancing machines and testing machines. Its automatic balancing machines include semi-auto balance correction machines, two station automation balance correction machines, four station automatic balance correction machines, five station automatic balance correction machines and vertical balance correction machines. The Company's products are used in electrical machinery, power tools, household appliances, pumps, fans, automobiles, chemicals, high-speed rail, power, shipping and aerospace industries. The Company distributes its products in the domestic market.