Konka Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 05:31 am EDT
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Konka Group Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 8,320.14 million compared to CNY 9,822.17 million a year ago. Revenue was CNY 8,320.14 million compared to CNY 9,822.17 million a year ago. Net income was CNY 103.9 million compared to CNY 72.82 million a year ago. Basic earnings per share from continuing operations was CNY 0.0431 compared to CNY 0.0302 a year ago. Diluted earnings per share from continuing operations was CNY 0.0431 compared to CNY 0.0302 a year ago.
Konka Group Co Ltd is a China-based company principally engaged in the consumer electronics and semiconductor business. The Company's consumer electronics business includes multimedia business and white goods business, mainly providing color televisions, refrigerators, washing machines, air conditioners, freezers and other products. The Company's memory chip trading business and semiconductor business are mainly engaged in memory chip trading, packaging and testing of storage products, as well as the research and development of micro-light-emitting diode display-related products. The Company is also engaged in environmental protection and new materials business, mainly recycling, sorting, processing, distribution and sales of renewable resources. The Company's products are sold to domestic and foreign markets.