Dongguan Kingsun Optoelectronic Co.,Ltd. Reports Earnings Results for the Full Year Ended December 31, 2021
April 22, 2022 at 06:31 am EDT
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Dongguan Kingsun Optoelectronic Co.,Ltd. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was CNY 1,039.46 million compared to CNY 987.79 million a year ago. Revenue was CNY 1,050.15 million compared to CNY 995.45 million a year ago. Net loss was CNY 862.41 million compared to net income of CNY 45.19 million a year ago. Basic loss per share from continuing operations was CNY 0.57 compared to basic earnings per share from continuing operations of CNY 0.03 a year ago. Diluted loss per share from continuing operations was CNY 0.57 compared to diluted earnings per share from continuing operations of CNY 0.03 a year ago.
Dongguan Kingsun Optoelectronic Co Ltd is a China-based company principally engaged in the research and development, production and sales of smart lighting, outdoor lighting, landscape lighting and outdoor courtyard products. The Company is also engaged in providing semiconductor lighting products and comprehensive solutions. The Company's light emitting diode (LED) lighting products are used in lighting application fields such as smart lighting, road lighting, traffic lighting, commercial lighting, industrial lighting, office lighting, educational lighting and civil lighting, and are used in many LED lighting demonstration projects and LED accent lighting project. The Company mainly conducts its businesses in the domestic market and overseas markets.