Zhejiang Wazam New Materials Co.,LTD. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 18, 2022 at 01:17 pm IST
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Zhejiang Wazam New Materials Co.,LTD. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 836.98 million compared to CNY 769.59 million a year ago. Revenue was CNY 836.98 million compared to CNY 769.59 million a year ago. Net income was CNY 30.82 million compared to CNY 63.35 million a year ago. Basic earnings per share from continuing operations was CNY 0.22 compared to CNY 0.45 a year ago. Diluted earnings per share from continuing operations was CNY 0.2 compared to CNY 0.45 a year ago.
Zhejiang Wazam New Materials Co Ltd is a China-based company mainly engaged in the design, research and development (R&D), production and sales of copper clad laminate materials. The Company also produces functional composite materials, composite materials for transportation and logistics, and aluminum-plastic composite materials for lithium battery soft packs. The Company's products are widely used in communication information exchange systems, cloud computing storage systems, autonomous driving signal acquisition systems, Internet of Things (IoT) radio frequency systems, medical equipment, rail transit, lithium batteries, green logistics and other major fields. The Company sells products in domestic and foreign markets.