Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 02:26 pm IST
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Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 220.93 million compared to CNY 161.28 million a year ago. Revenue was CNY 220.93 million compared to CNY 161.28 million a year ago. Net income was CNY 22.85 million compared to CNY 25.48 million a year ago. Basic earnings per share from continuing operations was CNY 0.1 compared to CNY 0.1133 a year ago.
Zhejiang Songyuan Automotive Safety Systems Co Ltd is a China-based company mainly engaged in the research and development, design, production, sales and service of automotive passive safety system products such as automotive seat belt assemblies and parts and special seat safety devices. The Company's products include bilateral pre-tensioned force-limiting seat belts, unilateral pre-tensioned force-limiting seat belts, emergency locking force-limiting seat belts, ordinary emergency locking seat belts, simple seat belts, car wheelchairs, child seats and agricultural machinery seats. Its products are used in compact cars, mid-sized cars, sport utility vehicles (SUV), multi-purpose vehicles (MPV), buses, trucks, etc. The Company conducts its businesses within the domestic market and to overseas markets such as North America and Europe.