Meter Instruments Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2022
April 24, 2022 at 02:22 pm IST
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Meter Instruments Co., Ltd reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 75.32 million compared to CNY 64.39 million a year ago. Revenue was CNY 75.32 million compared to CNY 64.39 million a year ago. Net income was CNY 30.88 million compared to CNY 22.61 million a year ago. Basic earnings per share from continuing operations was CNY 0.2217 compared to CNY 0.2165 a year ago. Diluted earnings per share from continuing operations was CNY 0.2217 compared to CNY 0.2165 a year ago.
Meter Instruments Co Ltd is a China-based company mainly engaged in the research, development, production and sales of intelligent ultrasonic water meters and heat meters. The intelligent ultrasonic water meter produced by the Company is an organic system combining software and hardware, covering three functional levels of data acquisition, data transmission and data application, which can be widely used in the fields of water trade settlement, municipal administration, firefighting and agricultural irrigation. The Company produces intelligent ultrasonic heat meter products including ultrasonic heat meter, intelligent control valve and intelligent balance valve products, using ultrasonic fluid measurement principle, through the transducer and temperature sensor to provide flow and temperature signals, measurement and display the water flow through the heat exchange system release or absorption of heat.
METER INSTRUMENTS CO., LTD. 
