CIG ShangHai Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2021
October 29, 2021 at 07:22 am EDT
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CIG ShangHai Co., Ltd. reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 2,050.96 million compared to CNY 2,124.54 million a year ago. Revenue was CNY 2,050.96 million compared to CNY 2,124.54 million a year ago. Net income was CNY 40.61 million compared to net loss of CNY 125.68 million a year ago. Basic earnings per share from continuing operations was CNY 0.16 compared to basic loss per share from continuing operations of CNY 0.53 a year ago. Diluted earnings per share from continuing operations was CNY 0.16 compared to diluted loss per share from continuing operations of CNY 0.53 a year ago.
CIG Shanghai CO., LTD. is a China-based company principally engaged in the research and development, manufacture and sales of Information Communications Technology (ICT) end products. The Company's main products include telecom broadband terminals, wireless networking equipment, smart home gateways, as well as industrial Internet of Things and solutions. The Company's products are mainly applied in home, enterprises and industrial fields. The Company distributes its products within domestic market and to overseas markets.