SUFA Technology Industry Co., Ltd., CNNC Reports Earnings Results for the First Quarter Ended March 31, 2024
April 24, 2024 at 10:08 am EDT
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SUFA Technology Industry Co., Ltd., CNNC reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was CNY 155.41 million compared to CNY 245.67 million a year ago. Revenue was CNY 155.41 million compared to CNY 245.67 million a year ago.
Net loss was CNY 1.53 million compared to CNY 8.47 million a year ago. Basic loss per share from continuing operations was CNY 0.004 compared to CNY 0.022 a year ago. Diluted loss per share from continuing operations was CNY 0.004 compared to CNY 0.022 a year ago.
SUFA Technology Industry Co., Ltd. CNNC is a China-based company principally engaged in the design, research, development, manufacture, sale and provision of services of industrial valves. The Companyâs main products include gate valves, stop valves, check valves, ball valves, butterfly valves, diaphragm valves and regulating valves, among others. The Company's valve products are mainly used in nuclear, petroleum, chemical engineering, metallurgy, electricity and other industries. The Company is also involved in blank manufacturing and other businesses. The Company distributes its products in domestic market and to overseas markets.