Shenzhen Riland Industry Group Co., Ltd Reports Earnings Results for the First Quarter Ended March 31, 2022
April 25, 2022 at 03:18 pm IST
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Shenzhen Riland Industry Group Co., Ltd reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 262.17 million compared to CNY 206.46 million a year ago. Revenue was CNY 262.17 million compared to CNY 206.46 million a year ago. Net income was CNY 15.21 million compared to CNY 32.92 million a year ago. Basic earnings per share from continuing operations was CNY 0.03 compared to CNY 0.07 a year ago. Diluted earnings per share from continuing operations was CNY 0.03 compared to CNY 0.07 a year ago.
Shenzhen Riland Industry Group Co Ltd, formerly Shenzhen Riland Industry Co Ltd, is a China-based company principally engaged in the research, development, manufacture and sales of inverter welding equipment, welding automation products and welding accessories, as well as the provision of related services. Its inverter welding equipment includes inverter direct current manual arc welding machines, inverter argon arc welding machines, inverter semi-automatic gas shielded welding machines and inverter plasma cutting machines. Its welding automation products include welding carriages, digital welding equipment, efficient welding systems and robotic welding system integration. Its welding accessories include welding and cutting accessories and welding protection products. The Company distributes its products in the domestic market and to overseas markets.