Anshan Heavy Duty Mining Machinery Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 19, 2021 at 02:55 pm IST
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Anshan Heavy Duty Mining Machinery Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 47.745 million compared to CNY 22.850 million a year ago. Operating income was CNY 618,477.76 compared to operating loss of CNY 782,042 a year ago. Net loss was CNY 945,277.82 compared to CNY 1.809 million a year ago. Basic loss per share from continuing operations was CNY 0.004 compared to CNY 0.01 a year ago.
Willing New Energy Co Ltd, formerly Anshan Heavy Duty Mining Machinery Co Ltd, is a China-based company mainly engaged in lithium battery new energy business. The Company's main businesses include lithium ore beneficiation, basic lithium battery raw material lithium salt processing and smelting business, as well as construction machinery and equipment manufacturing business. The construction machinery manufacturing business is mainly engaged in the research and development, manufacturing, sales and service of mining, construction and road construction machinery and equipment. The Company's main products include lepidolite and lithium carbonate. The Company's products are ultimately used in new energy vehicles, energy storage fields, among others.