Inventronics, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 17, 2022 at 03:37 am EDT
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Inventronics (Hangzhou), Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 325.37 million compared to CNY 270.99 million a year ago. Revenue was CNY 325.37 million compared to CNY 270.99 million a year ago. Net income was CNY 18.96 million compared to CNY 37.11 million a year ago. Basic earnings per share from continuing operations was CNY 0.06 compared to CNY 0.1267 a year ago. Diluted earnings per share from continuing operations was CNY 0.06 compared to CNY 0.1267 a year ago.
Inventronics Hangzhou Inc is a company mainly engaged in research and development, production and sales of light-emitting diode (LED) drive power supplies, and provision of related technical services. The Company's primary products are medium and high-power LED drive power supplies, which are used in road lighting, industrial lighting, landscape lighting and other fields. Its LED products include the LED outdoor drive, LED indoor drive, LED industrial drive and switching power supply lamp. The Company sells its products to both domestic and international markets, including North America, the Middle East, Africa, India and other countries and regions.