Beijing Bdstar Navigation Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 28, 2020 at 07:41 am EDT
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Beijing BDStar Navigation Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 705.470 million compared to CNY 591.162 million a year ago. Operating income was CNY 9.506 million compared to operating loss of CNY 15.465 million a year ago. Net income was CNY 20.991 million compared to net loss of CNY 16.670 million a year ago. Basic earnings per share from continuing operations was CNY 0.0428 compared to basic loss per share from continuing operations of CNY 0.03 a year ago.
Beijing BDStar Navigation Co., Ltd is a China-based company, principally engaged in the research and development, manufacture and distribution of satellite navigation positioning products and other navigation products. Its main products include Global Navigation Satellite System (GNSS) chips, modules and board cards, navigation positioning antennas and microwave communication devices, among others. The Company is also engaged in the research and development, manufacture and distribution of automotive electronics and navigation products and automotive audio entertainment products, national defense equipment business, and industry application and operation services business. The Company conducts its businesses within domestic and overseas markets.
BEIJING BDSTAR NAVIGATION CO., LTD. 
