Hangzhou Freely Communication Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 10:12 am EDT
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Hangzhou Freely Communication Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 189.83 million compared to CNY 176.88 million a year ago. Revenue was CNY 189.83 million compared to CNY 176.88 million a year ago. Net loss was CNY 10.1 million compared to CNY 3.85 million a year ago. Basic loss per share from continuing operations was CNY 0.05 compared to CNY 0.02 a year ago. Diluted loss per share from continuing operations was CNY 0.05 compared to CNY 0.02 a year ago.
Hangzhou Freely Communication Co Ltd is a company mainly engaged in construction of communication networks. The Company operates three businesses. The communication network technology service business provides the clients with communication network construction and maintenance services, including communication equipment installation engineering services, indoor distribution system services, daily maintenance of communication networks and fault repair services. The research, development and sales of communication products and supporting products business is engaged in production of mobile communication base station equipment and new energy batteries. The communication product operation business mainly provides integrated mobile office solutions for telecom operators, enterprises and institutions.