Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. Reports Earnings Results for the Full Year Ended December 31, 2021
April 26, 2022 at 03:20 pm IST
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Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was CNY 718.23 million compared to CNY 521.05 million a year ago. Revenue was CNY 745.08 million compared to CNY 535.93 million a year ago. Net income was CNY 111.27 million compared to CNY 90.03 million a year ago. Basic earnings per share from continuing operations was CNY 0.4933 compared to CNY 0.4933 a year ago. Diluted earnings per share from continuing operations was CNY 0.4933 compared to CNY 0.4933 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.