Shenzhen Tongye Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 25, 2022 at 09:44 am EDT
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Shenzhen Tongye Technology Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 33.83 million compared to CNY 47.36 million a year ago. Revenue was CNY 33.83 million compared to CNY 47.36 million a year ago. Net loss was CNY 10.84 million compared to net income of CNY 4.53 million a year ago. Basic loss per share from continuing operations was CNY 0.11 compared to basic earnings per share from continuing operations of CNY 0.06 a year ago. Diluted loss per share from continuing operations was CNY 0.11 compared to diluted earnings per share from continuing operations of CNY 0.06 a year ago.
Shenzhen Tongye Technology Co Ltd is a China-based company engaged in the research, development, production, sales and maintenance services of electrical products for rail transit rolling stock. The Company's main products include the sale of power products, intelligent control products, motors and fans, and related accessories. It provides customers with overhaul services for the electrical equipment of rail transit vehicles. The Company's main products include the sale of power products, intelligent control products, motors and fans, and related accessories. The Company also provides customers with overhaul services for the electrical equipment of rail transit vehicles. The Company's products are widely used in high-speed rail, urban rail vehicles, locomotives, and new energy products at home and abroad.