Kingsignal Technology Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2021
April 26, 2022 at 08:08 am EDT
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Kingsignal Technology Co., Ltd. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was CNY 2,673.23 million compared to CNY 1,935.04 million a year ago. Revenue was CNY 2,733.79 million compared to CNY 1,960.52 million a year ago. Net income was CNY 46.57 million compared to net loss of CNY 65.97 million a year ago. Basic earnings per share from continuing operations was CNY 0.08 compared to basic loss per share from continuing operations of CNY 0.11 a year ago. Diluted earnings per share from continuing operations was CNY 0.08 compared to diluted loss per share from continuing operations of CNY 0.11 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.