Asia Cuanon Technology Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 29, 2022 at 06:10 pm EDT
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Asia Cuanon Technology (Shanghai) Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 487.98 million compared to CNY 600.71 million a year ago. Revenue was CNY 487.98 million compared to CNY 600.71 million a year ago. Net loss was CNY 38.04 million compared to CNY 3.92 million a year ago. Basic loss per share from continuing operations was CNY 0.0897 compared to CNY 0.0069 a year ago. Diluted loss per share from continuing operations was CNY 0.0897 compared to CNY 0.0069 a year ago.
ASIA CUANON TECHNOLOGY (SHANGHAI) CO., LTD. is a China-based company principally engaged in research, development, manufacturing, sales and service-providing of building insulation decoration integrated products, building insulation materials, functional architectural coatings and its application systems. The Company operates through two main segments. The Main Business segment is principally involved in the sales of building decoration materials, including insulation decorative panels, real gold fire insulation board and functional architectural coatings, among others. The Other Business segment is mainly engaged in the sales of related supporting materials.
ASIA CUANON TECHNOLOGY (SHANGHAI) CO.,LTD. 
