Guangzhou Baiyun Electric Equipment Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 29, 2022 at 06:41 pm EDT
Share
Guangzhou Baiyun Electric Equipment Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 420.78 million compared to CNY 450.38 million a year ago. Revenue was CNY 420.78 million compared to CNY 450.38 million a year ago. Net loss was CNY 54.57 million compared to net income of CNY 49.94 million a year ago. Basic loss per share from continuing operations was CNY 0.1252 compared to basic earnings per share from continuing operations of CNY 0.113 a year ago. Diluted loss per share from continuing operations was CNY 0.1252 compared to diluted earnings per share from continuing operations of CNY 0.113 a year ago.
Guangzhou Baiyun Electric Equipment Co., Ltd. is a China-based company, which is engaged in the research and development, manufacturing, sale and services of complete switchgear control equipment. The Company's products are divided into four categories, including low voltage switchgear equipment, medium voltage switchgear equipment, related electric power electronics products and gas-insulated metal-enclosed switchgears (GIS). Medium and low switchgear equipment used in the power distribution area is the Company's major product. The Company's products are widely used in the fields of metallurgy, oil, petrochemical, paper, automobiles and other industrial enterprises, rail transportation, airports, exhibitions and cultural and sports venues, hospitals, schools and other public facilities, as well as all types of power plants and power grid companies and other distribution facilities.
GUANGZHOU BAIYUN ELECTRIC EQUIPMENT CO., LTD. 
