Shenzhen Refond Optoelectronics Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 27, 2022 at 11:29 am EDT
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Shenzhen Refond Optoelectronics Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 309.44 million compared to CNY 308.06 million a year ago. Revenue was CNY 309.44 million compared to CNY 308.06 million a year ago. Net loss was CNY 3.63 million compared to net income of CNY 14.68 million a year ago. Basic loss per share from continuing operations was CNY 0.0053 compared to basic earnings per share from continuing operations of CNY 0.0275 a year ago. Diluted loss per share from continuing operations was CNY 0.0053 compared to diluted earnings per share from continuing operations of CNY 0.0274 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.