SUFA Technology Industry Co., Ltd. CNNC Reports Earnings Results for the Half Year Ended June 30, 2022
August 24, 2022 at 08:48 am EDT
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SUFA Technology Industry Co., Ltd. CNNC reported earnings results for the half year ended June 30, 2022. For the half year, the company reported sales was CNY 545.58 million compared to CNY 744.13 million a year ago. Revenue was CNY 556.21 million compared to CNY 747.36 million a year ago.
Net income was CNY 15.92 million compared to CNY 18.35 million a year ago. Basic earnings per share from continuing operations was CNY 0.04 compared to CNY 0.05 a year ago. Diluted earnings per share from continuing operations was CNY 0.04 compared to CNY 0.05 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.