YingTong Telecommunication Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 08:27 am EDT
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YingTong Telecommunication Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 183.06 million compared to CNY 241.46 million a year ago. Revenue was CNY 183.06 million compared to CNY 241.46 million a year ago. Net loss was CNY 10.79 million compared to net income of CNY 4.7 million a year ago. Basic loss per share from continuing operations was CNY 0.07 compared to basic earnings per share from continuing operations of CNY 0.03 a year ago. Diluted loss per share from continuing operations was CNY 0.07 compared to diluted earnings per share from continuing operations of CNY 0.03 a year ago.
YingTong Telecommunication Co., Ltd, formerly Hubei Yingtong Telecommunication Cable Co., Ltd., is a China-based company principally involved in the research, development, manufacture and sales of acoustic products, USB data cables and other products. The Company operates through two main segments. The Main Business segment is primarily involved in the manufacture and sales of acoustic products including semi-finished earphones and earphone cables, USB data cables, as well as other products. The Other Business segment is primarily engaged in waste disposal, sales of raw materials, samples and moulds, among others.