CIG ShangHai Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 03:59 am EDT
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CIG ShangHai Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 477.44 million compared to CNY 771.92 million a year ago. Revenue was CNY 477.44 million compared to CNY 771.92 million a year ago. Net loss was CNY 107.25 million compared to net income of CNY 27.53 million a year ago. Basic loss per share from continuing operations was CNY 0.42 compared to basic earnings per share from continuing operations of CNY 0.11 a year ago. Diluted loss per share from continuing operations was CNY 0.42 compared to diluted earnings per share from continuing operations of CNY 0.11 a year ago.
CIG Shanghai CO., LTD. is a China-based company principally engaged in the research and development, manufacture and sales of Information Communications Technology (ICT) end products. The Company's main products include telecom broadband terminals, wireless networking equipment, smart home gateways, as well as industrial Internet of Things and solutions. The Company's products are mainly applied in home, enterprises and industrial fields. The Company distributes its products within domestic market and to overseas markets.