Cashway Fintech Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 27, 2021 at 05:07 am EDT
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Cashway Fintech Co.,Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 176.535 million compared to CNY 242.883 million a year ago. Operating income was CNY 5.313 million compared to CNY 18.724 million a year ago. Net income was CNY 6.485 million compared to CNY 14.462 million a year ago. Basic earnings per share from continuing operations was CNY 0.02 compared to CNY 0.04 a year ago.
Cashway Fintech Co., Ltd., formerly Cashway Technology Co., Ltd., is a China-based company principally engaged in the provision of intelligent bank solutions that are mainly focused on financial self-service equipment. The Company operates through two main segments. The Main Business segment is primarily involved in research, development and sales of cash self-service machines, non-cash self-service machines and components, as well as the provision of equipment maintaining, outsourcing, software and technology development services. The Other Business segment is primarily engaged in the sales of electric power telecommunication equipment and rental housing.