Kingsignal Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 26, 2022 at 08:04 am EDT
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Kingsignal Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 582.5 million compared to CNY 529.46 million a year ago. Revenue was CNY 582.5 million compared to CNY 529.46 million a year ago. Net income was CNY 7.87 million compared to CNY 3.4 million a year ago. Basic earnings per share from continuing operations was CNY 0.01 compared to CNY 0.01 a year ago. Diluted earnings per share from continuing operations was CNY 0.01 compared to CNY 0.01 a year ago.
Kingsignal Technology Co., Ltd. is a China-based company principally involved in the research, development, production and sales of signal interconnection products. The Company operates through three main segments. The Communication Equipment segment is mainly engaged in the research, development, production and sales of telecommunication cables, optical cables, communication assemblies, connectors and printed circuit board (PCB) series products. The Commercial Factoring segment is mainly engaged in provision of commercial factoring-related services. The Other Business segment is primarily engaged in sales, import and export of installation auxiliary materials.