Sanxiang Advanced Materials Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2022
April 19, 2023 at 08:20 am EDT
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Sanxiang Advanced Materials Co., Ltd. reported earnings results for the full year ended December 31, 2022. For the full year, the company reported sales was CNY 961.63 million compared to CNY 771.87 million a year ago. Revenue was CNY 972.31 million compared to CNY 789.21 million a year ago.
Net income was CNY 150.87 million compared to CNY 100.49 million a year ago. Basic earnings per share from continuing operations was CNY 0.3571 compared to CNY 0.2571 a year ago. Diluted earnings per share from continuing operations was CNY 0.3571 compared to CNY 0.2571 a year ago.
Sanxiang Advanced Materials Co., Ltd. is a China-based company principally engaged in the research, design, production and distribution of fused zirconia, casting modified materials, as well as single crystal fused alumina abrasive materials, among others. The Companyâs products include zirconia series products, single crystalline fused alumina series products, cored wire series products, nucleating agent (inoculant) series products, nodulizer series products and silica fume powder series products. The Company operates its business within domestic and overseas markets, including America, Canada, Brazil, France, Italy, Japan, South Korea, Australia, Indonesia, Taiwan and other countries and areas.