Elec-Tech International Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2021
October 28, 2021 at 08:15 am EDT
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Elec-Tech International Co., Ltd. reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 1,537.05 million compared to CNY 1,550.3 million a year ago. Revenue was CNY 1,537.05 million compared to CNY 1,550.3 million a year ago. Net loss was CNY 221.2 million compared to CNY 164.74 million a year ago. Basic loss per share from continuing operations was CNY 0.1255 compared to CNY 0.0934 a year ago. Diluted loss per share from continuing operations was CNY 0.1255 compared to CNY 0.0934 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.