Shenzhen Gongjin Electronics Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 29, 2020 at 02:11 pm EDT
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Shenzhen Gongjin Electronics Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 1,692.072 million compared to CNY 2,031.070 million a year ago. Operating income was CNY 47.912 million compared to CNY 91.561 million a year ago. Net income was CNY 50.892 million compared to CNY 85.170 million a year ago. Basic earnings per share from continuing operations was CNY 0.07 compared to CNY 0.11 a year ago.
SHENZHEN GONGJIN ELECTRONICS CO.,LTD is a China-based company principally engaged in the manufacture of broadband communication terminals. The Company is primarily engaged in the research and development, manufacture and sales of broadband communication terminals to communication equipment suppliers. The Company primarily produces asymmetric digital subscriber line (ADSL) terminals, very high speed digital subscriber line (VDSL) terminals, optical access terminals, Wi-Fi terminals and 3G terminals, as well as other broadband communication terminals. The Company distributes its products within domestic market and to overseas market.
SHENZHEN GONGJIN ELECTRONICS CO., LTD. 
