China Southern Power Grid Technology Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 21, 2022 at 09:43 am EDT
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China Southern Power Grid Technology Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 244.07 million compared to CNY 145.54 million a year ago. Revenue was CNY 244.07 million compared to CNY 145.54 million a year ago. Net income was CNY 4.53 million compared to net loss of CNY 10.93 million a year ago. Basic earnings per share from continuing operations was CNY 0.01 compared to basic loss per share from continuing operations of CNY 0.02 a year ago. Diluted earnings per share from continuing operations was CNY 0.01 compared to diluted loss per share from continuing operations of CNY 0.02 a year ago.
China Southern Power Grid Technology Co Ltd is a China-based company mainly engaged in clean energy business. The Company operates six segments, including New Energy Equipment segment, Power Supply segment, Test and Inspection segment, Robotics segment, Intelligent Complete Set segment, and Smart Terminal segment. The Company's main businesses are power cleaning and grid smart services, including technical services such as energy storage technology services, test testing and commissioning, and the manufacturing of smart testing equipment, smart power distribution equipment, and robots. The Company's products are mainly used in the power generation, distribution, and transformation of electric energy, as well as power facility inspections and other fields.