Addsino Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 29, 2020 at 12:09 pm EDT
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Addsino Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 767.875 million compared to CNY 754.207 million a year ago. Operating income was CNY 159.552 million compared to CNY 133.225 million a year ago. Net income was CNY 123.125 million compared to CNY 103.212 million a year ago. Basic earnings per share from continuing operations was CNY 0.08 compared to CNY 0.06 a year ago.
ADDSINO CO.,LTD., formerly CHINASCHOLARS GROUP CO,.LTD. is a China-based company principally engaged in the research, development, manufacture and distribution of command and control communication products, electronic Blue Force and simulation products and electromagnetic security products. The Company's main products include military communication products, experimental radio frequency simulation systems, experimental and field active target simulation systems, radar simulation systems, tactical training simulation systems and electromagnetic protection products, among others. The Company operates its business in domestic market, with North China, East China and southwest area of China as its main markets.
ADDSINO CO., LTD. 
