Qingdao Doublestar Co.,Ltd Reports Earnings Results for the Nine Months Ended September 30, 2021
October 26, 2021 at 07:36 am EDT
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Qingdao Doublestar Co.,Ltd reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 3,106.21 million compared to CNY 3,242.91 million a year ago. Revenue was CNY 3,106.21 million compared to CNY 3,242.91 million a year ago. Net loss was CNY 147.89 million compared to net income of CNY 7.06 million a year ago. Basic loss per share from continuing operations was CNY 0.18 compared to basic earnings per share from continuing operations of CNY 0.01 a year ago. Diluted loss per share from continuing operations was CNY 0.18 compared to diluted earnings per share from continuing operations of CNY 0.01 a year ago.
Qingdao Doublestar Co, Ltd is principally engaged in the manufacture and sale of tires. The Company operates in three segments. The Tires segment consists of all-steel radial tires and semi-steel radial tires. The Machinery segment is engaged in the development, design, manufacture, installation and consulting of casting machinery, rubber and plastic machinery, environmental protection machinery, as well as digital tire tools. The Automotive Aftermarket Services segment is engaged in installation, repair and maintenance of tires. The Company distributes its products within the domestic market and to overseas markets.