Motic Electric Group Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2022
April 25, 2022 at 04:47 am EDT
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Motic (Xiamen) Electric Group Co.,Ltd reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 359.52 million compared to CNY 289.72 million a year ago. Revenue was CNY 359.52 million compared to CNY 289.72 million a year ago. Net income was CNY 45.61 million compared to CNY 35.16 million a year ago. Basic earnings per share from continuing operations was CNY 0.0894 compared to CNY 0.0689 a year ago. Diluted earnings per share from continuing operations was CNY 0.0894 compared to CNY 0.0689 a year ago.
Motic (Xiamen) Electric Group Co Ltd is principally engaged in the research, development, production and distribution of epoxy insulation components. The Company primarily provides insulators, insulating poles, solid sealed pole pillars, as well as other insulation products used in electrical industry. The Company's products include mid voltage series, high voltage series and ultrahigh voltage series. The Company is also engaged in the research, development, production and distribution of optical microscopes, digital microscopes, microscopic image integration system products. The Company mainly provides products for ABB, Schneider, Siemens and Beijing Beikai Electric Co., Ltd, among others.
MOTIC (XIAMEN) ELECTRIC GROUP CO.,LTD 
