Fujian Raynen Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 29, 2022 at 05:05 am EDT
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Fujian Raynen Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 526.82 million compared to CNY 481.81 million a year ago. Revenue was CNY 526.82 million compared to CNY 481.81 million a year ago. Net income was CNY 23 million compared to CNY 28.05 million a year ago. Basic earnings per share from continuing operations was CNY 0.1091 compared to CNY 0.1394 a year ago. Diluted earnings per share from continuing operations was CNY 0.1091 compared to CNY 0.1394 a year ago.
FUJIAN RAYNEN TECHNOLOGY CO., LTD. is a China-based company principally involved in the research, development, manufacture and sales of computerized control system for knitting machines, as well as the distribution of integrated circuit (IC) products. The Company operates through two main segments. The Manufacture segment is mainly engaged in the research, development, manufacture and sales of computerized control system for knitting machines, as well as the manufacture of development tools and evaluation boards for IC products and high - pressure gas discharge lamp electronic ballast, among others. The Distribution segment is primarily engaged in the distribution of integrated circuit chips, other electronic components and industrial electrical automation products.
FUJIAN RAYNEN TECHNOLOGY CO., LTD. 
