POCO Holding Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 26, 2022 at 04:17 am EDT
Share
POCO Holding Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 202.51 million compared to CNY 135.06 million a year ago. Net income was CNY 32.3 million compared to CNY 20.04 million a year ago. Basic earnings per share from continuing operations was CNY 0.3115 compared to CNY 0.35 a year ago. Diluted earnings per share from continuing operations was CNY 0.3115 compared to CNY 0.35 a year ago.
POCO Holding Co., Ltd is a China-based company mainly engaged in the research and development, manufacture and sales of alloy soft magnetic powder, alloy soft magnetic powder cores and related inductive components. The Company provides soft magnetic materials, modular inductors and overall solutions for the efficient, stable, energy-saving and environmental protection operation of power electronic equipment or systems in each link of power transformation. The Company's metal alloy soft magnetic powder mainly includes iron silicon magnetic powder, iron silicon aluminum alloy magnetic powder and iron silicon chromium magnetic powder. Its alloy soft magnetic particle cores include iron silicon soft magnetic particle cores and iron silicon aluminum soft magnetic particle cores. The Company's products and solutions are widely applied in photovoltaic power generation, uninterruptible power supply (UPS), new energy vehicles, charging piles and other emerging fields.
POCO HOLDING CO., LTD. 
