Espressif Systems Shanghai Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 15, 2021 at 06:06 am EDT
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Espressif Systems Shanghai Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 270.513 million compared to CNY 123.645 million a year ago. Operating income was CNY 33.331 million compared to CNY 11.292 million a year ago. Net income was CNY 33.999 million compared to CNY 9.392 million a year ago. Basic earnings per share from continuing operations was CNY 0.4248 compared to CNY 0.1174 a year ago.
Espressif Systems Shanghai Co Ltd is a China-based company mainly engaged in the research and development, design and sales of Internet of Things (IoT) communication chips and modules. The Company mainly provides customers with overall solutions for the IoT. The Company is also engaged in the technical development of related compilers, tool chains, operating systems, application development frameworks, etc. The Company's products mainly include ESP8266, ESP32, ESP32-C and ESP32-S IoT chip product series. Its products are mainly used in smart home, electrician, lighting, smart speakers, consumer electronics, mobile payment, industrial control and other IoT fields. The Company mainly conducts its businesses in domestic and overseas markets.
ESPRESSIF SYSTEMS (SHANGHAI) CO., LTD. 
