Autel Intelligent Technology Corp., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 03:04 pm EDT
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Autel Intelligent Technology Corp., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 513.43 million compared to CNY 453.7 million a year ago. Revenue was CNY 513.43 million compared to CNY 453.7 million a year ago. Net income was CNY 63.3 million compared to CNY 110.06 million a year ago. Basic earnings per share from continuing operations was CNY 0.14 compared to CNY 0.24 a year ago. Diluted earnings per share from continuing operations was CNY 0.14 compared to CNY 0.24 a year ago.
Autel Intelligent Technology Corp., Ltd. is a China-based company mainly engaged in automotive intelligent business. The Company's business includes research, development, manufacturing, sales and service of automotive intelligent diagnostics, detection and analysis systems and automotive electronic components. Its main products include comprehensive automotive diagnostic products, Tire Pressure Monitoring System (TPMS) series products, Advanced Driving Assistant System (ADAS) series products and other products, as well as offering in various products Car intelligent repair cloud service. The Company's products are mainly sold to more than 50 countries and regions including the United States, Germany, the United Kingdom, and Australia.
AUTEL INTELLIGENT TECHNOLOGY CORP., LTD. 
