Elec-Tech International Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 07:09 am EDT
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Elec-Tech International Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 352.71 million compared to CNY 522.93 million a year ago. Revenue was CNY 352.71 million compared to CNY 522.93 million a year ago. Net loss was CNY 50.95 million compared to CNY 55.92 million a year ago. Basic loss per share from continuing operations was CNY 0.0291 compared to CNY 0.0317 a year ago. Diluted loss per share from continuing operations was CNY 0.0291 compared to CNY 0.0317 a year ago.
Elec-Tech International Co., Ltd. is a China-based company principally engaged in the light emitting diode (LED) chips and application business and small household appliance business. The Company's small household appliance businesses include the research, development and manufacture of bread machines, ovens, coffee pots and blenders. Its LED businesses include the manufacture of LED epitaxial wafers, LED chips, LED packaging, LED lighting products and LED display screens, among others. The Company distributes its products within the domestic markets and to overseas markets.
ELEC-TECH INTERNATIONAL CO., LTD. 
