Hivi Acoustics Technology Co., Ltd Reports Earnings Results for the Full Year Ended December 31, 2019
April 14, 2020 at 07:45 am EDT
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HiVi Acoustics Technology Co. Ltd. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was CNY 274.816 million compared to CNY 266.619 million a year ago. Operating income was CNY 24.722 million compared to CNY 21.232 million a year ago. Net income was CNY 26.160 million compared to CNY 28.226 million a year ago. Basic earnings per share from continuing operations was CNY 0.21 compared to CNY 0.23 a year ago.
HiVi Acoustics Technology Co Ltd is a China-based company principally engaged in the research and development, manufacturing and sales of audio equipment and loudspeakers. The Company's main products include multimedia audio equipment, home theaters, professional audio equipment, car audio equipment, public broadcasting system and speakers and headphones. The Company mainly distributes its products under the HiVi brand. The Company distributes its products in domestic market and to overseas markets.