Wuxi Smart Auto-Control Engineering Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 13, 2022
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Wuxi Smart Auto-Control Engineering Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 154.78 million compared to CNY 146.24 million a year ago. Revenue was CNY 154.78 million compared to CNY 146.24 million a year ago. Net income was CNY 10.2 million compared to CNY 8.91 million a year ago. Basic earnings per share from continuing operations was CNY 0.031 compared to CNY 0.025 a year ago. Diluted earnings per share from continuing operations was CNY 0.031 compared to CNY 0.025 a year ago.
WUXI SMART AUTO-CONTROL ENGINEERING CO LTD is a China-based company mainly engaged in the research and development, manufacture and sales of intelligent control valves and their accessories, as well as providing inspection and maintenance services. The Company's main products include P series single-seat sleeve valves, M series sleeve regulating valves, W series butterfly valves, R series ball valves, Z series material valves, F series anti-corrosion valves, Y series self-operated regulating valves, J series angle type Control valve, T series three-way regulating valve, among other. The Company's products are used in the production control process of petrochemical, metallurgy, energy, environmental protection and food industries. The Company mainly distributes its products within domestic market.