Hengdian Group Tospo Lighting Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 28, 2020 at 01:00 pm EDT
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Hengdian Group Tospo Lighting Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 835.320 million compared to CNY 890.053 million a year ago. Operating income was CNY 80.648 million compared to CNY 47.347 million a year ago. Net income was CNY 70.913 million compared to CNY 42.136 million a year ago. Basic earnings per share from continuing operations was CNY 0.15 compared to CNY 0.09 a year ago.
Hengdian Group Tospo Lighting Co., Ltd. is a China-based company principally engaged in the research, development, production and sales of energy saving lighting products. The Company operates through two main segments. The Main Business segment is primarily engaged in the production and sales of energy saving lights, light-emitting diode (LED) bulbs, lighting electronic products, light-emitting diode (LED) lighting fixtures and engineering plastics, as well as engineering construction and others. The Other Business segment is primarily involved in the rental business.
HENGDIAN GROUP TOSPO LIGHTING CO., LTD. 
