Raisecom Technology Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 23, 2020 at 03:54 am EDT
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RAISECOM TECHNOLOGY CO.,Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 170.625 million compared to CNY 727.543 million a year ago. Operating loss was CNY 47.869 million compared to operating Income of CNY 43.028 million a year ago. Net loss was CNY 47.568 million compared to net income of CNY 41.697 million a year ago. Basic loss per share from continuing operations was CNY 0.11 compared to basic earnings per share from continuing operations of CNY 0.1 a year ago.
Raisecom Technology Co Ltd is a China-based company principally engaged in the research and development, manufacturing and sales of communication network access products. The Company's main products include integrated access terminal products, centralized local port terminal products, industrial networking products, private wireless networking products, software products and auxiliary access products. Its products are mainly used in communications operation, smart grid, intelligent transportation and other fields. The Company mainly distributes its products in domestic and overseas markets.
RAISECOM TECHNOLOGY CO.,LTD. 
