SUFA Technology Industry Co., Ltd. CNNC Reports Earnings Results for the First Quarter Ended March 31, 2022
April 26, 2022 at 08:10 am EDT
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SUFA Technology Industry Co., Ltd. CNNC reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 197.55 million compared to CNY 260.28 million a year ago. Revenue was CNY 197.55 million compared to CNY 260.28 million a year ago. Net loss was CNY 14.66 million compared to CNY 5.12 million a year ago. Basic loss per share from continuing operations was CNY 0.04 compared to CNY 0.01 a year ago. Diluted loss per share from continuing operations was CNY 0.04 compared to CNY 0.01 a year ago.
SUFA Technology Industry Co., Ltd. CNNC is a China-based company principally engaged in the design, research, development, manufacture, sale and provision of services of industrial valves. The Companyâs main products include gate valves, stop valves, check valves, ball valves, butterfly valves, diaphragm valves and regulating valves, among others. The Company's valve products are mainly used in nuclear, petroleum, chemical engineering, metallurgy, electricity and other industries. The Company is also involved in blank manufacturing and other businesses. The Company distributes its products in domestic market and to overseas markets.
SUFA TECHNOLOGY INDUSTRY CO., LTD., CNNC 
