Shenzhen AOTO Electronics Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2022
August 08, 2022 at 08:34 am EDT
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Shenzhen AOTO Electronics Co., Ltd. reported earnings results for the half year ended June 30, 2022. For the half year, the company reported sales was CNY 397.02 million compared to CNY 379.53 million a year ago. Revenue was CNY 398.63 million compared to CNY 380.36 million a year ago. Net income was CNY 5.82 million compared to CNY 10.87 million a year ago. Basic earnings per share from continuing operations was CNY 0.01 compared to CNY 0.02 a year ago. Diluted earnings per share from continuing operations was CNY 0.01 compared to CNY 0.02 a year ago.
SHENZHEN AOTO ELECTRONICS CO.,LTD. is a China-based company principally engaged in the research, development, manufacture and sale of light-emitting diode (LED) applications and financial electronic products, as well as the provision of related services. The Company's main products include LED video display systems, LED information release and instruction systems, LED lighting products, electronic receipt systems and Liquid Crystal Display (LCD) advertising machines. The Company also provides related and software integration services. The Company's LED products are mainly used in sports, media advertising, entertainment leasing, transportation, television stations, command centers and smart city landscape lighting. The Company's financial electronic products and services are mainly used in banking and telecommunications industries. The Company distributes its products in domestic and to overseas markets.