Shenzhen Refond Optoelectronics Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 17, 2020 at 09:27 am EDT
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Shenzhen Refond Optoelectronics Co.,Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 228.996 million compared to CNY 309.517 million a year ago. Operating income was CNY 4.873 million compared to CNY 22.333 million a year ago. Net income was CNY 7.189 million compared to CNY 16.360 million a year ago. Basic earnings per share from continuing operations was CNY 0.0134 compared to CNY 0.0296 a year ago.
SHENZHEN REFOND OPTOELECTRONICS CO., LTD. is principally engaged in the research and development of light emitting diode (LED) packaging technologies, as well as the manufacturing and sale of LED packaging products. The Company primarily provides high end backlight LED components and assemblies, LED components and assemblies for lighting, as well as LED components and assemblies for displaying, among others. The Company's products are widely used in the manufacture of liquid crystal display (LCD) televisions, computers and mobile phones, as well as daily use electronic products, urban lighting, indoor lighting, displays, industrial applications and automobiles, among others. The Company distributes its products in domestic and overseas markets, with Pearl River Delta region and Yangtze River Delta region as the main market.
SHENZHEN REFOND OPTOELECTRONICS CO.,LTD. 
