Tatwah Smartech Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 07:33 am EDT
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Tatwah Smartech Co.,Ltd reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 342.38 million compared to CNY 752.27 million a year ago. Revenue was CNY 342.38 million compared to CNY 752.27 million a year ago. Net loss was CNY 38.45 million compared to CNY 96.69 million a year ago. Basic loss per share from continuing operations was CNY 0.0351 compared to CNY 0.0843 a year ago.
Tatwah Smartech Co Ltd is a China-based company mainly engaged in the provision of terminal and system application product solutions. The Company is committed to building a communication network that integrates satellite Internet, big data centers, emergency communications and marine economic operations. The Company mainly conducts its businesses through three segments. The Television (TV) Motherboard and Smart Display segment is mainly engaged in the research and development, manufacturing and sales of smart screens, digital screens, smart TVs and smart display motherboards. The Project Development and System Integration Business segment mainly provides global high-throughput satellite communication services, satellite Internet operation services, communication terminal products and industrial digital applications. The Other Business segment is mainly engaged in other businesses related to communication networks and digital screens.