IKD Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 08:24 am EDT
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IKD Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 902.86 million compared to CNY 801.35 million a year ago. Revenue was CNY 902.86 million compared to CNY 801.35 million a year ago. Net income was CNY 84.88 million compared to CNY 107.6 million a year ago. Basic earnings per share from continuing operations was CNY 0.1 compared to CNY 0.13 a year ago. Diluted earnings per share from continuing operations was CNY 0.1 compared to CNY 0.12 a year ago.
IKD Co Ltd is a China-based company principally engaged in the research, development, production and sale of automotive aluminum alloy precision die-casting parts. The Company's main products include automotive wiper systems, automotive power systems, automotive thermal management systems, automotive steering systems, automotive braking systems and other systems, new energy vehicle three-electric systems, automotive structural parts, automotive intelligent driving systems and other aluminum alloy precision die-casting parts that meet the needs of lightweight, electrified, and intelligent automobiles. The Company mainly operates its businesses in the domestic and overseas markets.