Xiangyang Automobile Bearing Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 27, 2021 at 07:10 pm IST
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Xiangyang Automobile Bearing Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 384.304 million compared to CNY 213.766 million a year ago. Operating income was CNY 6.106 million compared to operating loss of CNY 34.805 million a year ago. Net income was CNY 4.895 million compared to net loss of CNY 31.999 million a year ago. Basic earnings per share from continuing operations was CNY 0.011 compared to basic loss per share from continuing operations of CNY 0.07 a year ago.
XIANGYANG AUTOMOBILE BEARING COMPANY., LTD is a China-based company principally engaged in the manufacture, research and development, sales of bearings and accessories, automobile spare parts, mechanical and electronic devices, bearing equipment and components. The Company mainly provides bearings and universal joints, including deep groove ball bearings, needle bearings, cylindrical roller bearings, clutch separate bearings, tapered roller bearings, cross shafts, automobile hub bearings, constant velocity universal joints and others. The Company mainly distributes its products in domestic and overseas markets.
XIANGYANG AUTOMOBILE BEARING CO., LTD. 
