Shenzhen Microgate Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 26, 2022 at 06:26 am EDT
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Shenzhen Microgate Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 799.09 million compared to CNY 670.57 million a year ago. Revenue was CNY 799.09 million compared to CNY 670.57 million a year ago. Net income was CNY 43.79 million compared to CNY 66.23 million a year ago. Basic earnings per share from continuing operations was CNY 0.0514 compared to CNY 0.0952 a year ago. Diluted earnings per share from continuing operations was CNY 0.0513 compared to CNY 0.0952 a year ago.
SHENZHEN MICROGATE TECHNOLOGY CO., LTD. is a China-based company principally engaged in the research, development, production and sale of electronic components and Liquid Composite Molding (LCM) display module devices. The Company's main products include chip power inductors, radio frequency (RF) components and LCM display module devices. The Company's products are mainly used in the areas of mobile communications, consumer electronics, military electronics, computers, the Internet applications, LED lighting, automotive electronics and industrial equipment. The Company distributes its products in domestic market and to overseas market.
SHENZHEN MICROGATE TECHNOLOGY CO., LTD. 
