Xiamen Sunrise Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 03:17 pm IST
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Xiamen Sunrise Group Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 817.13 million compared to CNY 830.98 million a year ago. Revenue was CNY 817.13 million compared to CNY 830.98 million a year ago. Net income was CNY 14.61 million compared to CNY 25.7 million a year ago. Basic earnings per share from continuing operations was CNY 0.02 compared to CNY 0.04 a year ago. Diluted earnings per share from continuing operations was CNY 0.02 compared to CNY 0.04 a year ago.
Xiamen Sunrise Group Co Ltd is a China-based company mainly engaged in the research and development, production and sales of automobile wheels and the design, production and installation of steel structure buildings. The Company conducts its business through two segments. The Steel Rim Business segment is engaged in the production of steel wheels, lightweight tubeless steel wheels and forged aluminum alloy wheels, which are used in domestic and foreign commercial vehicles such as buses, trucks, tractors, light trucks, special vehicles and others. The Steel Structure Business segment is engaged in the design, manufacture and installation of steel structures and supporting metal enclosure systems. The product types include building steel structure, equipment steel structure and steel structure bridge, which are used in petrochemical equipment steel structure engineering, municipal bridges and rail transportation, industrial plants, high-rise steel structure buildings and other fields.