Shenzhen Absen Optoelectronic Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 26, 2021 at 04:40 am EDT
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Shenzhen Absen Optoelectronic Co.,Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 366.523 million compared to CNY 393.112 million a year ago. Operating loss was CNY 34.726 million compared to operating Income of CNY 29.222 million a year ago. Net loss was CNY 25.210 million compared to net income of CNY 31.794 million a year ago. Basic loss per share from continuing operations was CNY 0.0804 compared to basic earnings per share from continuing operations of CNY 0.1012 a year ago.
Shenzhen Absen Optoelectronic Co.,Ltd. is a China-based company principally engaged in the research, development, production and sale of light-emitting diode (LED) full color display screens. The Company's main products include outdoor big screens, court screens, rental screens, stage creative screens and small pitch screens. The Company's products are mainly used in advertising media, real estate, transportation, stage performance, radio and television, stadium, security monitoring, command dispatch and other fields. The Company distributes its products in domestic market and to overseas markets, such as Europe, North America, the rest of Asia and South America.