Inner Mongolia First Machinery Group Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 25, 2022 at 07:44 am EDT
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Inner Mongolia First Machinery Group Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 2,803.79 million compared to CNY 1,911.81 million a year ago. Revenue was CNY 2,803.79 million compared to CNY 1,911.81 million a year ago. Net income was CNY 206.02 million compared to CNY 176.68 million a year ago. Basic earnings per share from continuing operations was CNY 0.121 compared to CNY 0.104 a year ago. Diluted earnings per share from continuing operations was CNY 0.121 compared to CNY 0.104 a year ago.
Inner Mongolia First Machinery Group Co Ltd is a China-based company engaged in the research and development, manufacturing, and sales of military products. The Company's main products are special equipment products. The Company mainly develops and produces tracked, wheeled, and artillery armored vehicles. The Company's railway vehicles mainly produce gondola cars, tank cars, flat cars, box cars, hopper cars, special cars, and other complete products. The Company's vehicle parts and components mainly produce parts with the core of vehicle transmission, movement, suspension, and large-scale precision structural parts, including heavy-duty brakes, springs, railway vehicle bolsters, side frames, buffers and other products. The Company distributes its products within the domestic market and to overseas market.