Cig Shanghai Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2021
August 11, 2021 at 05:35 am EDT
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CIG ShangHai Co., Ltd. announced earnings results for the half year ended June 30, 2021. For the half year, the company announced sales was CNY 1,458.285 million compared to CNY 1,424.112 million a year ago. Operating income was CNY 59.298 million compared to operating loss of CNY 72.128 million a year ago. Net income was CNY 61.263 million compared to net loss of CNY 57.380 million a year ago. Basic earnings per share from continuing operations was CNY 0.24 compared to basic loss per share from continuing operations of CNY 0.25 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.