MEMSensing Microsystems (Suzhou, China) Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2022
October 28, 2022 at 06:55 am EDT
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MEMSensing Microsystems (Suzhou, China) Co., Ltd. reported earnings results for the nine months ended September 30, 2022. For the nine months, the company reported sales was CNY 218.04 million compared to CNY 263.19 million a year ago. Revenue was CNY 218.04 million compared to CNY 263.19 million a year ago.
Net loss was CNY 19.06 million compared to net income of CNY 8.44 million a year ago. Basic loss per share from continuing operations was CNY 0.36 compared to basic earnings per share from continuing operations of CNY 0.16 a year ago. Diluted loss per share from continuing operations was CNY 0.36 compared to diluted earnings per share from continuing operations of CNY 0.16 a year ago.
Memsensing Microsystems Suzhou China Co Ltd is a China-based company mainly engaged in the design, research, development and sales of semiconductor chips. The Company's main product lines include micro-electro-mechanical system (MEMS) microphones, MEMS pressure sensors and MEMS inertial sensors. Its products are mainly used in consumer electronics products such as smart phones, tablet computers, notebook computers, wearable devices and smart homes. The Company mainly conducts its businesses in the China market.