Zhejiang Weixing New Building Materials Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 07:22 am EDT
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Zhejiang Weixing New Building Materials Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 1,005.61 million compared to CNY 896.19 million a year ago. Revenue was CNY 1,005.61 million compared to CNY 896.19 million a year ago. Net income was CNY 117.15 million compared to CNY 112.79 million a year ago. Basic earnings per share from continuing operations was CNY 0.07 compared to CNY 0.07 a year ago. Diluted earnings per share from continuing operations was CNY 0.07 compared to CNY 0.07 a year ago.
Zhejiang Weixing New Building Materials Co.,Ltd. is a China-based company principally engaged in research, development, manufacture and distribution of plastic pipes. The Company's products are categorized into three types, including polypropylene random (PPR) series pipes and fittings, polyethylene (PE) series pipes and fittings and polyvinyl chloride (PVC) series pipes and fittings. The Companyâs products are mainly applied in municipal engineering, real estate engineering, heating, gas supply and sewage drainage, among others. The Company operates its business mainly in East China, North China and western area of China.