Jiangsu Guomao Reducer Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2023
April 27, 2023 at 07:04 pm IST
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Jiangsu Guomao Reducer Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CNY 625.73 million compared to CNY 609.76 million a year ago. Revenue was CNY 625.73 million compared to CNY 609.76 million a year ago.
Net income was CNY 80.39 million compared to CNY 64.7 million a year ago. Basic earnings per share from continuing operations was CNY 0.12 compared to CNY 0.1 a year ago. Diluted earnings per share from continuing operations was CNY 0.12 compared to CNY 0.1 a year ago.
Jiangsu Guomao Reducer Co., Ltd. is a China-based company principally engaged in the research and development, production and sales of reducers. The Company's main products are reducers, which includes gear reducers (including modular reducers and high-power reducers) and cycloidal pin wheel reducers. The Company's products are widely used in various fields of national economy such as environmental protection, construction, electricity, chemicals, food, logistics, plastics, rubber, mining, metallurgy, petroleum, cement, shipbuilding, water conservancy, textile, printing and dyeing, feed and pharmaceutical. In addition, The Company also provides accessories and Maintenance modification services. The Company mainly distributes its products in the domestic market.