Poco Holding Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 27, 2020 at 07:06 am EDT
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POCO Holding Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 70.654 million compared to CNY 80.979 million a year ago. Operating income was CNY 11.953 million compared to CNY 20.286 million a year ago. Net income was CNY 8.605 million compared to CNY 17.206 million a year ago. Basic earnings per share from continuing operations was CNY 0.15 compared to CNY 0.4 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. 
