Shanghai Guangdian Electric Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 18, 2022 at 08:10 am EDT
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Shanghai Guangdian Electric Group Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 235.51 million compared to CNY 227.97 million a year ago. Revenue was CNY 235.51 million compared to CNY 227.97 million a year ago. Net income was CNY 12.93 million compared to CNY 15.58 million a year ago. Basic earnings per share from continuing operations was CNY 0.0151 compared to CNY 0.0169 a year ago. Diluted earnings per share from continuing operations was CNY 0.0151 compared to CNY 0.0169 a year ago.
Shanghai Guangdian Electric Group Co., Ltd. is a China-based company principally engaged in the research, development, manufacture and sales of power transmission and distribution equipment and control equipment, as well as the provision of related services. The Company operates its business mainly through three segments. The Complete Equipment segment provides 40.5 kilovolt (VK) or below alternating current (AC) medium voltage switchgears, ring main units (RMUs), AC low voltage switchgears, direct current (DC) switchgears, power cabinets and boxes, control cabinets and boxes and lighting boxes. The Components segment provides 40.5 kV and below medium-voltage circuit breakers, low-voltage circuit breakers and intelligent control components. The Power Electronics segment provides high voltage inverters and active filters. The Company distributes its products mainly in domestic market.
SHANGHAI GUANGDIAN ELECTRIC GROUP CO., LTD. 
