CIG ShangHai Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2021
April 27, 2022 at 12:05 pm EDT
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CIG ShangHai Co., Ltd. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was CNY 2,908.57 million compared to CNY 2,705.77 million a year ago. Revenue was CNY 2,919.54 million compared to CNY 2,708.84 million a year ago. Net income was CNY 67.26 million compared to net loss of CNY 266.31 million a year ago. Basic earnings per share from continuing operations was CNY 0.27 compared to basic loss per share from continuing operations of CNY 1.12 a year ago. Diluted earnings per share from continuing operations was CNY 0.27 compared to diluted loss per share from continuing operations of CNY 1.12 a year ago.
CIG Shanghai CO., LTD. is a China-based company principally engaged in the research and development, manufacture and sales of Information Communications Technology (ICT) end products. The Company's main products include telecom broadband terminals, wireless networking equipment, smart home gateways, as well as industrial Internet of Things and solutions. The Company's products are mainly applied in home, enterprises and industrial fields. The Company distributes its products within domestic market and to overseas markets.