Hailun Piano Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 05:05 am EDT
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Hailun Piano Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 97.21 million compared to CNY 129.56 million a year ago. Revenue was CNY 97.21 million compared to CNY 129.56 million a year ago. Net income was CNY 6.31 million compared to CNY 13.24 million a year ago. Basic earnings per share from continuing operations was CNY 0.02 compared to CNY 0.05 a year ago. Diluted earnings per share from continuing operations was CNY 0.02 compared to CNY 0.05 a year ago.
HAILUN PIANO CO., LTD. is a China-based piano manufacturer, primarily engaged in the research, development, manufacture and sale of pianos and related core parts. The Company primarily provides upright pianos, grand pianos and piano hardware fittings, among others. The Company also provides electro-acoustic piano, guitar and violin, among others. The Company distributes its products within domestic market and to overseas markets.