AA Industrial Belting Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2022
April 29, 2022 at 11:31 am EDT
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AA Industrial Belting (Shanghai) Co.,Ltd reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 37.3 million compared to CNY 44.47 million a year ago. Revenue was CNY 37.3 million compared to CNY 44.47 million a year ago. Net loss was CNY 0.294838 million compared to net income of CNY 4.27 million a year ago. Basic loss per share from continuing operations was CNY 0.0023 compared to basic earnings per share from continuing operations of CNY 0.0327 a year ago. Diluted loss per share from continuing operations was CNY 0.0023 compared to diluted earnings per share from continuing operations of CNY 0.0327 a year ago.
AA Industrial Belting (Shanghai) Co., Ltd. is a China-based company principally engaged in the research and development, production and sales of conveyor belts. The Company's main products include thermoplastic urethane (TPU) conveyor belts, thermoplastic polyester elastomeric (TPEE) conveyor belts, polyvinyl chloride (PVC) conveyor belts, polyethylene (PE) conveyor belts and seamless conveyor belts. The Company mainly distributed its products in domestic and overseas markets, including Europe, the Middle East, Southeast Asia and the Americas.