Jiangxi Guotai Group Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2022
April 26, 2022 at 06:39 am EDT
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Jiangxi Guotai Group Co.,Ltd reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 405.11 million compared to CNY 344.48 million a year ago. Revenue was CNY 405.11 million compared to CNY 344.48 million a year ago. Net income was CNY 34.01 million compared to CNY 32.25 million a year ago. Basic earnings per share from continuing operations was CNY 0.06 compared to CNY 0.06 a year ago. Diluted earnings per share from continuing operations was CNY 0.06 compared to CNY 0.06 a year ago.
Jiangxi Guotai Group Co., Ltd., formerly Jiangxi Guotai Industrial Explosive Group Co., Ltd., is a China-based company principally engaged in the research, development, manufacture and distribution of civil explosive products and the provision of blasting services. The Companyâs products include industrial explosives, industrial detonators, as well as industrial detonating cords, among others. The Companyâs products are applied in the mining operations, infrastructure construction and other related fields. The Company is also involved in the development of blasting operation video surveillance platform and the provision of engineering installation services. The Company mainly operates its business in domestic market.