Taiyuan Heavy Industry Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2021
April 27, 2022 at 08:24 pm IST
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Taiyuan Heavy Industry Co., Ltd. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was CNY 8,219.79 million compared to CNY 8,584.1 million a year ago. Revenue was CNY 8,320.37 million compared to CNY 8,610.89 million a year ago. Net income was CNY 164 million compared to CNY 33.72 million a year ago. Basic earnings per share from continuing operations was CNY 0.0492 compared to CNY 0.0132 a year ago. Diluted earnings per share from continuing operations was CNY 0.0492 compared to CNY 0.0132 a year ago.
TAIYUAN HEAVY INDUSTRY CO.,LTD. is a China-based company, principally engaged in the manufacture and sales of heavy duty equipment. The Company's main products include excavators and coking devices, cranes, train axles and wheel-pairs, rolling mills and forging equipment, gear rotating machinery, coal chemical industry equipment, wind power equipment, oil film bearings and casting and forgings. Its products are applied in metallurgy, mining, energy, transportation, marine, aerospace, chemical, railway, shipbuilding, environmental protection and other industries. The Company distributes its products within domestic market and to overseas markets.