Changzhou Xingyu Automotive Lighting Systems Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 08:18 am EDT
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Changzhou Xingyu Automotive Lighting Systems Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 2,132.37 million compared to CNY 1,910.68 million a year ago. Revenue was CNY 2,132.37 million compared to CNY 1,910.68 million a year ago. Net income was CNY 269.57 million compared to CNY 285.59 million a year ago. Basic earnings per share from continuing operations was CNY 0.9436 compared to CNY 1.0342 a year ago. Diluted earnings per share from continuing operations was CNY 0.9436 compared to CNY 1.0342 a year ago.
Changzhou Xingyu Automotive Lighting Systems Co., Ltd. is a China-based company principally engaged in the research and development, design, manufacture and sales of automotive lighting products. The Company's main products include the automotive headlamps, tail lamp sets, fog lamps, brake lights and turn signals, among others. The Company is also involved in the manufacture and sales of flexible flat cables and triangular warning signs, as well as the sales and repair of automobiles through its subsidiaries. The Company mainly distributes its products to automobile manufacturers from all over the world.