Cig Shanghai Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2019
April 28, 2020 at 11:56 am EDT
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CIG ShangHai Co., Ltd. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was CNY 2,973.748 million compared to CNY 3,156.324 million a year ago. Operating income was CNY 20.249 million compared to CNY 81.163 million a year ago. Net income was CNY 21.746 million compared to CNY 76.777 million a year ago. Basic earnings per share from continuing operations was CNY 0.13 compared to CNY 0.46 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.
CIG SHANGHAI CO., LTD. 
