Zhejiang Zhengte Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 29, 2022
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Zhejiang Zhengte Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was CNY 494.08 million compared to CNY 407.63 million a year ago. Revenue was CNY 494.08 million compared to CNY 407.63 million a year ago. Net income was CNY 45.78 million compared to CNY 42.67 million a year ago. Basic earnings per share from continuing operations was CNY 0.55 compared to CNY 0.52 a year ago. Diluted earnings per share from continuing operations was CNY 0.55 compared to CNY 0.52 a year ago.
For the six months, sales was CNY 882.1 million compared to CNY 673.13 million a year ago. Revenue was CNY 882.1 million compared to CNY 673.13 million a year ago. Net income was CNY 63.75 million compared to CNY 56.22 million a year ago. Basic earnings per share from continuing operations was CNY 0.77 compared to CNY 0.68 a year ago. Diluted earnings per share from continuing operations was CNY 0.77 compared to CNY 0.68 a year ago.
Zhejiang Zhengte Co Ltd is a China-based company principally engaged in the research, development, production and sales of solar shading products. The Companyâs main products are awnings and awning umbrellas. The Company also offers outdoor recreational furniture and products such as pet house, outdoor furniture, and drying equipment. The Company distributes products through diversified sales channels such as chain supermarkets, electronic commerce, and brand distributors. The Company distributes products both in the domestic market and to overseas markets, including the United States, France, Germany, and Netherlands, among others.