ShenZhen GAD Environmental Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 26, 2022 at 08:51 am EDT
Share
ShenZhen GAD Environmental Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 63.92 million compared to CNY 92.78 million a year ago. Revenue was CNY 63.92 million compared to CNY 92.78 million a year ago. Net loss was CNY 8.61 million compared to net income of CNY 9.28 million a year ago. Basic loss per share from continuing operations was CNY 0.09 compared to basic earnings per share from continuing operations of CNY 0.12 a year ago. Diluted loss per share from continuing operations was CNY 0.09 compared to diluted earnings per share from continuing operations of CNY 0.12 a year ago.
GAD Environmental Technology Co Ltd is a China-based company engaged in the research and development of solid waste pollution control technology and applied to the construction and operation of pollution control system. The Company's main business scope covers pollution isolation system, ecological environment restoration, renewable resource utilization and comprehensive operation of landfill. The pollution isolation system includes base anti-seepage isolation system, flexible floating membrane anti-seepage isolation system and rigid anti-seepage isolation system. The ecological environment restoration business is mainly applied to the domestic waste landfills to be closed and industrial pollution sites. The renewable resource utilization business is mainly landfill gas power generation business. The comprehensive operation of landfill business mainly includes zoning operation of the landfill, temporary covering, rainwater and sewage diversion, slope restoration, etc.