Atlantic China Welding Consumables, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 27, 2021 at 05:14 am EDT
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Atlantic China Welding Consumables, Inc. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 904.151 million compared to CNY 546.809 million a year ago. Operating income was CNY 48.075 million compared to operating loss of CNY 2.871 million a year ago. Net income was CNY 30.739 million compared to net loss of CNY 2.804 million a year ago. Basic earnings per share from continuing operations was CNY 0.0342 compared to basic loss per share from continuing operations of CNY 0.0031 a year ago.
Atlantic China Welding Consumables Inc is a company mainly engaged in the research and development (R&D), production and sales of welding materials products. The Company's products include welding rods, welding wires, such as solid wires, flux cored wires and non-ferrous wires, and fluxes and welding materials ore raw materials. The Company's products are used in the production of daily necessities, infrastructure construction and major equipment manufacturing. The Company's products are exported to many countries and regions, such as Kazakhstan, Kyrgyzstan, kazalman, Tajikistan, Tanga, Pakistan, Karachi, etc.
ATLANTIC CHINA WELDING CONSUMABLES, INC. 
