CIG ShangHai Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2022
August 12, 2022 at 04:12 am EDT
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CIG ShangHai Co., Ltd. reported earnings results for the half year ended June 30, 2022. For the half year, the company reported sales was CNY 1,434.89 million compared to CNY 1,458.29 million a year ago. Net loss was CNY 87.2 million compared to net income of CNY 61.26 million a year ago. Basic loss per share from continuing operations was CNY 0.34 compared to basic earnings per share from continuing operations of CNY 0.24 a year ago. Diluted loss per share from continuing operations was CNY 0.34 compared to diluted earnings per share from continuing operations of CNY 0.24 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.