Changying Xinzhi Technology Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 11, 2022 at 04:53 am EDT
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Changying Xinzhi Technology Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 828.4 million compared to CNY 754.26 million a year ago. Revenue was CNY 828.4 million compared to CNY 754.26 million a year ago. Net income was CNY 31.87 million compared to CNY 55.76 million a year ago. Basic earnings per share from continuing operations was CNY 0.0789 compared to CNY 0.1381 a year ago. Diluted earnings per share from continuing operations was CNY 0.0789 compared to CNY 0.1381 a year ago.
Xinzhi Group Co Ltd, formerly Changying Xinzhi Technology Co Ltd, is a China-based company mainly engaged in the manufacturing and sales of motor parts business. The Company's main products are automobile generator stator and assembly, micro motor rotor, electric bicycle stator and assembly, elevator traction machine stator, electric tool motor rotor, automobile variable valve timing system (VVT), household appliance motor rotor, among others. The Company's products are mainly used in automobiles, electric bicycles, household appliances, electric tools, special equipment and other fields. The Company is also engaged in the rental of houses and equipment, as well as investment business. The Company principally distributes its products in domestic and overseas markets.
XINZHI GROUP CO., LTD. 
