Qingdao Doublestar Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2021
April 18, 2021 at 01:32 pm IST
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Qingdao Doublestar Co.,Ltd announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 1,214.149 million compared to CNY 797.694 million a year ago. Operating income was CNY 60.736 million compared to operating loss of CNY 73.261 million a year ago. Net income was CNY 48.684 million compared to net loss of CNY 58.454 million a year ago. Basic earnings per share from continuing operations was CNY 0.06 compared to basic loss per share from continuing operations of CNY 0.07 a year ago.
Qingdao Doublestar Co, Ltd is principally engaged in the manufacture and sale of tires. The Company operates in three segments. The Tires segment consists of all-steel radial tires and semi-steel radial tires. The Machinery segment is engaged in the development, design, manufacture, installation and consulting of casting machinery, rubber and plastic machinery, environmental protection machinery, as well as digital tire tools. The Automotive Aftermarket Services segment is engaged in installation, repair and maintenance of tires. The Company distributes its products within the domestic market and to overseas markets.